Modern Wealth Management LLC Buys 35,466 Shares of Invesco Aerospace & Defense ETF $PPA

Modern Wealth Management LLC raised its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 39.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 125,622 shares of the company’s stock after buying an additional 35,466 shares during the period. Modern Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $21,313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in PPA. Bank of Montreal Can lifted its stake in shares of Invesco Aerospace & Defense ETF by 0.4% during the fourth quarter. Bank of Montreal Can now owns 13,265 shares of the company’s stock valued at $2,078,000 after acquiring an additional 58 shares during the period. Mercer Global Advisors Inc. ADV boosted its holdings in Invesco Aerospace & Defense ETF by 0.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,481 shares of the company’s stock valued at $1,328,000 after acquiring an additional 60 shares during the last quarter. Sanctuary Advisors LLC increased its position in Invesco Aerospace & Defense ETF by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock worth $1,760,000 after purchasing an additional 61 shares during the period. Advisors Capital Management LLC increased its position in Invesco Aerospace & Defense ETF by 2.3% in the fourth quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after purchasing an additional 62 shares during the period. Finally, Vontobel Holding Ltd. raised its holdings in Invesco Aerospace & Defense ETF by 3.0% during the 4th quarter. Vontobel Holding Ltd. now owns 2,134 shares of the company’s stock worth $334,000 after purchasing an additional 63 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 2.4%

Invesco Aerospace & Defense ETF stock opened at $174.26 on Friday. 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 $8.22 billion, a PE ratio of 30.91 and a beta of 0.73. The company’s 50-day moving average is $172.90 and its two-hundred day moving average is $173.42.

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. 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.