BigSur Wealth Management LLC Grows Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

BigSur Wealth Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,782 shares of the company’s stock after purchasing an additional 1,500 shares during the period. BigSur Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Patriot Investment Management Group Inc. bought a new position in Invesco Aerospace & Defense ETF during the 1st quarter valued at about $202,000. GPS Wealth Strategies Group LLC grew its holdings in Invesco Aerospace & Defense ETF by 16.9% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 4,265 shares of the company’s stock valued at $497,000 after purchasing an additional 616 shares during the last quarter. Fifth Third Bancorp grew its holdings in Invesco Aerospace & Defense ETF by 840.9% during the 1st quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock valued at $48,000 after purchasing an additional 370 shares during the last quarter. Capital Advisors Ltd. LLC grew its holdings in Invesco Aerospace & Defense ETF by 11.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 22,865 shares of the company’s stock valued at $2,665,000 after purchasing an additional 2,383 shares during the last quarter. Finally, Focus Financial Network Inc. grew its holdings in Invesco Aerospace & Defense ETF by 17.8% during the 1st quarter. Focus Financial Network Inc. now owns 15,385 shares of the company’s stock valued at $1,793,000 after purchasing an additional 2,324 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $136.67 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $137.44. The firm has a market capitalization of $5.40 billion, a P/E ratio of 29.83 and a beta of 0.84. The stock has a 50 day moving average price of $125.63 and a 200 day moving average price of $120.13.

About Invesco Aerospace & Defense ETF

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.