Axxcess Wealth Management LLC Trims Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Axxcess Wealth Management LLC lowered its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 346,901 shares of the company’s stock after selling 309 shares during the quarter. Invesco Aerospace & Defense ETF makes up approximately 1.0% of Axxcess Wealth Management LLC’s holdings, making the stock its 20th biggest position. Axxcess Wealth Management LLC owned about 1.11% of Invesco Aerospace & Defense ETF worth $39,800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PPA. Howe & Rusling Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $27,000. Glass Jacobson Investment Advisors llc increased its position in shares of Invesco Aerospace & Defense ETF by 50.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the 3rd quarter valued at about $54,000. Continuum Advisory LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 47.6% during the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after acquiring an additional 150 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Invesco Aerospace & Defense ETF by 41.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after acquiring an additional 172 shares during the period.

Invesco Aerospace & Defense ETF Trading Up 1.4 %

Invesco Aerospace & Defense ETF stock opened at $117.36 on Tuesday. The firm has a 50 day moving average of $117.57 and a 200 day moving average of $116.85. The firm has a market capitalization of $4.62 billion, a price-to-earnings ratio of 27.08 and a beta of 0.95. Invesco Aerospace & Defense ETF has a 12-month low of $97.64 and a 12-month high of $124.89.

About Invesco Aerospace & Defense ETF

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.