IHT Wealth Management LLC Purchases 11,931 Shares of Invesco Aerospace & Defense ETF $PPA

IHT Wealth Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 16.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 82,325 shares of the company’s stock after acquiring an additional 11,931 shares during the quarter. IHT Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $12,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Modern Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth $13,976,000. Ashton Thomas Securities LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth about $1,919,000. Western Wealth Management LLC lifted its holdings in Invesco Aerospace & Defense ETF by 59.7% during the 4th quarter. Western Wealth Management LLC now owns 13,152 shares of the company’s stock worth $2,060,000 after purchasing an additional 4,917 shares in the last quarter. BIP Wealth LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth about $1,039,000. Finally, Brookwood Investment Group LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth about $535,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $177.73 on Thursday. The stock’s 50-day simple moving average is $171.30 and its 200 day simple moving average is $169.93. The stock has a market capitalization of $8.50 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $133.95 and a 52-week high of $186.30.

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.