Meridian Wealth Management LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Meridian Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 1st quarter, Holdings Channel.com reports. The fund acquired 14,466 shares of the company’s stock, valued at approximately $1,686,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Invesco Aerospace & Defense ETF by 10.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 12,794 shares of the company’s stock valued at $1,491,000 after purchasing an additional 1,227 shares during the period. Kestra Private Wealth Services LLC increased its position in Invesco Aerospace & Defense ETF by 19.7% during the first quarter. Kestra Private Wealth Services LLC now owns 2,567 shares of the company’s stock worth $299,000 after acquiring an additional 422 shares during the period. Fifth Third Bancorp increased its position in Invesco Aerospace & Defense ETF by 840.9% during the first quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock worth $48,000 after acquiring an additional 370 shares during the period. Cerity Partners LLC increased its position in Invesco Aerospace & Defense ETF by 63.9% during the first quarter. Cerity Partners LLC now owns 19,157 shares of the company’s stock worth $2,233,000 after acquiring an additional 7,471 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Invesco Aerospace & Defense ETF by 2.1% during the first quarter. Envestnet Asset Management Inc. now owns 142,031 shares of the company’s stock worth $16,554,000 after acquiring an additional 2,984 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $146.36 on Tuesday. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $148.44. The firm has a market cap of $6.04 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98. The firm’s 50-day simple moving average is $141.54 and its 200 day simple moving average is $127.33.

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.