Asset One Wealth Management LLC Invests $3.09 Million in Invesco Aerospace & Defense ETF $PPA

Asset One Wealth Management LLC bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,802 shares of the company’s stock, valued at approximately $3,093,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in PPA. Goldman Sachs Group Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 208.6% during the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after acquiring an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Invesco Aerospace & Defense ETF by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after acquiring an additional 4,915 shares during the last quarter. Walleye Capital LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter worth $318,000. Cerity Partners LLC raised its position in shares of Invesco Aerospace & Defense ETF by 24.6% during the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock worth $3,384,000 after acquiring an additional 4,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after acquiring an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 0.7%

PPA stock opened at $177.73 on Thursday. The business has a fifty day moving average of $171.30 and a 200-day moving average of $169.93. The company has a market cap of $8.50 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a twelve month low of $133.95 and a twelve month high of $186.30.

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.