Modern Wealth Management LLC Has $21.31 Million Holdings in Invesco Aerospace & Defense ETF $PPA

Modern Wealth Management LLC grew its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 39.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 125,622 shares of the company’s stock after buying an additional 35,466 shares during the quarter. Modern Wealth Management LLC owned approximately 0.26% of Invesco Aerospace & Defense ETF worth $21,313,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. eCIO Inc. bought a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $28,000. Binnacle Investments Inc increased its holdings in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. EPG Wealth Management LLC bought a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at $31,000. Y.D. More Investments Ltd raised its position in Invesco Aerospace & Defense ETF by 720.0% in the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 180 shares during the last quarter. Finally, Bayban acquired a new position in Invesco Aerospace & Defense ETF in the fourth quarter worth $38,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $174.26 on Friday. The stock’s fifty day moving average is $172.90 and its 200-day moving average is $173.42. The stock has a market capitalization of $8.22 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52 week low of $142.07 and a 52 week 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.