Modern Wealth Management LLC Purchases New Position in Invesco Aerospace & Defense ETF $PPA

Modern Wealth Management LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 89,910 shares of the company’s stock, valued at approximately $13,976,000. Modern Wealth Management LLC owned approximately 0.21% of Invesco Aerospace & Defense ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. HighTower Advisors LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 536,086 shares of the company’s stock worth $83,338,000 after buying an additional 40,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Invesco Aerospace & Defense ETF by 66.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock worth $38,349,000 after buying an additional 98,597 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 12.1% during the 2nd quarter. Osaic Holdings Inc. now owns 206,410 shares of the company’s stock valued at $29,257,000 after buying an additional 22,282 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 11.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 191,031 shares of the company’s stock valued at $29,696,000 after buying an additional 19,472 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 19.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 185,002 shares of the company’s stock valued at $28,758,000 after acquiring an additional 30,441 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $180.76 on Friday. Invesco Aerospace & Defense ETF has a 1 year low of $100.39 and a 1 year high of $186.30. The stock’s 50 day simple moving average is $174.65 and its two-hundred day simple moving average is $160.15. The company has a market cap of $8.10 billion, a PE 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.