Western Wealth Management LLC Has $3.19 Million Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Western Wealth Management LLC raised its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 46.4% in the first quarter, Holdings Channel reports. The firm owned 19,258 shares of the company’s stock after acquiring an additional 6,106 shares during the quarter. Western Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $3,191,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PPA. Goldman Sachs Group Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after purchasing an additional 20,869 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after buying an additional 4,915 shares during the last quarter. Walleye Capital LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the second quarter valued at $318,000. Cerity Partners LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 24.6% in the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after buying an additional 4,706 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after buying an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.0%

Shares of PPA opened at $174.44 on Friday. The company’s fifty day simple moving average is $173.81 and its 200 day simple moving average is $173.68. Invesco Aerospace & Defense ETF has a 1-year low of $142.07 and a 1-year high of $186.30. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73.

Invesco Aerospace & Defense ETF Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.