MGB Wealth Management LLC Has $1.41 Million Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

MGB Wealth Management LLC lifted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,256 shares of the company’s stock after purchasing an additional 812 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,406,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 4th quarter valued at about $935,000. FMR LLC boosted its holdings in Invesco Aerospace & Defense ETF by 26.6% during the third quarter. FMR LLC now owns 7,061 shares of the company’s stock valued at $812,000 after acquiring an additional 1,482 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Invesco Aerospace & Defense ETF by 87.2% in the third quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock worth $1,865,000 after purchasing an additional 7,555 shares during the period. Janney Montgomery Scott LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 7.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,667 shares of the company’s stock worth $10,517,000 after purchasing an additional 6,648 shares during the last quarter. Finally, Zacks Investment Management grew its holdings in Invesco Aerospace & Defense ETF by 5.1% in the 3rd quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock valued at $302,000 after buying an additional 127 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.9 %

Shares of NYSEARCA PPA opened at $119.02 on Thursday. Invesco Aerospace & Defense ETF has a 12 month low of $92.93 and a 12 month high of $124.89. The company has a market cap of $3.71 billion, a P/E ratio of 33.87 and a beta of 0.73. The business’s 50 day moving average is $118.04 and its two-hundred day moving average is $115.69.

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.