Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Acquired by Western Wealth Management LLC

Western Wealth Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,089 shares of the company’s stock after buying an additional 623 shares during the period. Western Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $943,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PPA. Raymond James Financial Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $63,049,000. Aurora Private Wealth Inc. boosted its stake in Invesco Aerospace & Defense ETF by 11,555.0% during the 1st quarter. Aurora Private Wealth Inc. now owns 273,543 shares of the company’s stock valued at $31,881,000 after purchasing an additional 271,196 shares in the last quarter. Investment Management Corp VA ADV acquired a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at $10,251,000. Intellus Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $7,583,000. Finally, Adapt Wealth Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 4th quarter worth $7,190,000.

Invesco Aerospace & Defense ETF Stock Up 1.2%

NYSEARCA:PPA opened at $140.56 on Friday. The business’s 50-day moving average price is $130.05 and its 200 day moving average price is $121.27. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $141.00. The firm has a market cap of $5.76 billion, a P/E ratio of 29.10 and a beta of 0.98.

Invesco Aerospace & Defense ETF Company 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.