Axxcess Wealth Management LLC Increases Stock Position in Invesco Aerospace & Defense ETF $PPA

Axxcess Wealth Management LLC grew its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 358,675 shares of the company’s stock after purchasing an additional 11,909 shares during the quarter. Invesco Aerospace & Defense ETF accounts for about 1.2% of Axxcess Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Axxcess Wealth Management LLC owned about 0.87% of Invesco Aerospace & Defense ETF worth $50,821,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PPA. Aurora Private Wealth Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 11,555.0% in the first quarter. Aurora Private Wealth Inc. now owns 273,543 shares of the company’s stock valued at $31,881,000 after purchasing an additional 271,196 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 563.3% in the first quarter. Kestra Advisory Services LLC now owns 270,057 shares of the company’s stock valued at $31,475,000 after purchasing an additional 229,345 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Invesco Aerospace & Defense ETF in the second quarter valued at approximately $20,984,000. Norden Group LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the second quarter valued at approximately $6,645,000. Finally, Cetera Investment Advisers boosted its stake in shares of Invesco Aerospace & Defense ETF by 16.3% in the first quarter. Cetera Investment Advisers now owns 279,660 shares of the company’s stock valued at $32,594,000 after purchasing an additional 39,268 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA PPA opened at $155.19 on Tuesday. The firm has a 50 day simple moving average of $150.05 and a 200-day simple moving average of $137.67. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $159.96. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98.

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.