Atlantic Family Wealth LLC Boosts Position in Invesco Aerospace & Defense ETF $PPA

Atlantic Family Wealth LLC raised its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 83.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,278 shares of the company’s stock after purchasing an additional 4,667 shares during the period. Invesco Aerospace & Defense ETF accounts for approximately 1.2% of Atlantic Family Wealth LLC’s holdings, making the stock its 6th biggest holding. Atlantic Family Wealth LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Binnacle Investments Inc grew 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 worth $30,000 after acquiring an additional 96 shares during the period. EPG Wealth Management LLC acquired a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at about $31,000. Bayban bought a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth about $38,000. High Point Wealth Management LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter worth about $41,000. Finally, Wealth Watch Advisors INC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth about $49,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $185.09 on Friday. The stock has a market cap of $8.76 billion, a PE ratio of 30.91 and a beta of 0.74. The stock has a 50-day moving average of $175.77 and a 200-day moving average of $174.07. Invesco Aerospace & Defense ETF has a one year low of $143.44 and a one year 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.