CMH Wealth Management LLC Buys 4,047 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

CMH Wealth Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 10.4% in the fourth quarter, Holdings Channel reports. The fund owned 42,894 shares of the company’s stock after acquiring an additional 4,047 shares during the period. CMH Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $4,921,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of Invesco Aerospace & Defense ETF by 10,225.1% during the 3rd quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after purchasing an additional 275,975 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth approximately $9,775,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $9,263,000. Raymond James & Associates boosted its holdings in shares of Invesco Aerospace & Defense ETF by 20.8% in the 3rd quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock worth $33,642,000 after acquiring an additional 50,360 shares in the last quarter. Finally, National Bank of Canada FI grew its position in Invesco Aerospace & Defense ETF by 26.6% during the 3rd quarter. National Bank of Canada FI now owns 227,122 shares of the company’s stock worth $26,112,000 after acquiring an additional 47,703 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA opened at $119.51 on Tuesday. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. The stock has a fifty day moving average price of $117.85 and a two-hundred day moving average price of $113.91. Invesco Aerospace & Defense ETF has a 52-week low of $89.17 and a 52-week 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.