Axxcess Wealth Management LLC Has $34.52 Million Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Axxcess Wealth Management LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 336,088 shares of the company’s stock after buying an additional 20,857 shares during the quarter. Invesco Aerospace & Defense ETF makes up approximately 0.9% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Axxcess Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $34,523,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of PPA. LPL Financial LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 15.6% during the 2nd quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after acquiring an additional 184,961 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in Invesco Aerospace & Defense ETF by 2.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 581,554 shares of the company’s stock valued at $59,737,000 after buying an additional 15,567 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Invesco Aerospace & Defense ETF by 32.4% in the 4th quarter. Wells Fargo & Company MN now owns 469,209 shares of the company’s stock valued at $43,242,000 after buying an additional 114,843 shares in the last quarter. Capital Asset Advisory Services LLC increased its position in Invesco Aerospace & Defense ETF by 17.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 311,075 shares of the company’s stock worth $31,565,000 after buying an additional 45,477 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Invesco Aerospace & Defense ETF by 17.5% during the fourth quarter. UBS Group AG now owns 246,057 shares of the company’s stock worth $22,677,000 after buying an additional 36,591 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock opened at $112.15 on Tuesday. Invesco Aerospace & Defense ETF has a 52 week low of $77.50 and a 52 week high of $113.60. The company has a market capitalization of $3.49 billion, a PE ratio of 33.87 and a beta of 0.73. The company’s 50-day simple moving average is $108.35 and its 200 day simple moving average is $104.20.

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.