Gateway Wealth Partners LLC Buys 4,694 Shares of Invesco Aerospace & Defense ETF $PPA

Gateway Wealth Partners LLC grew its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 98.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,474 shares of the company’s stock after buying an additional 4,694 shares during the period. Gateway Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,570,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in Invesco Aerospace & Defense ETF by 0.4% in the 4th quarter. Bank of Montreal Can now owns 13,265 shares of the company’s stock worth $2,078,000 after acquiring an additional 58 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Invesco Aerospace & Defense ETF by 0.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,481 shares of the company’s stock valued at $1,328,000 after purchasing an additional 60 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in Invesco Aerospace & Defense ETF by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock valued at $1,760,000 after purchasing an additional 61 shares in the last quarter. Advisors Capital Management LLC boosted its position in shares of 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. boosted its position in shares of Invesco Aerospace & Defense ETF by 3.0% in the fourth 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 period.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $177.66 on Wednesday. The firm has a fifty day moving average price of $173.58 and a 200-day moving average price of $173.64. The stock has a market cap of $8.39 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1 year low of $142.07 and a 1 year high of $186.30.

Invesco Aerospace & Defense ETF Company 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.