Invesco Aerospace & Defense ETF $PPA Stock Holdings Increased by Spire Wealth Management

Spire Wealth Management boosted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 59.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,564 shares of the company’s stock after purchasing an additional 3,552 shares during the period. Spire Wealth Management’s holdings in Invesco Aerospace & Defense ETF were worth $1,487,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at $20,984,000. Quaker Wealth Management LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 202.4% during the second quarter. Quaker Wealth Management LLC now owns 52,694 shares of the company’s stock worth $7,466,000 after acquiring an additional 104,139 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in Invesco Aerospace & Defense ETF during the second quarter valued at $10,202,000. Norden Group LLC acquired a new stake in Invesco Aerospace & Defense ETF during the second quarter valued at $6,645,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Invesco Aerospace & Defense ETF by 65.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 88,723 shares of the company’s stock valued at $12,571,000 after purchasing an additional 35,228 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $171.69 on Friday. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $172.36. The stock’s 50-day moving average is $154.69 and its two-hundred day moving average is $150.93. The firm has a market cap of $7.51 billion, a P/E ratio of 30.91 and a beta of 0.87.

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.