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

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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $63,049,000. Prasad Wealth Partners LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $6,828,000. Permanent Capital Management LP purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $6,669,000. Corient Private Wealth LLC grew its holdings in Invesco Aerospace & Defense ETF by 2,892.3% during the 4th quarter. Corient Private Wealth LLC now owns 57,453 shares of the company’s stock valued at $6,592,000 after buying an additional 55,533 shares in the last quarter. Finally, National Bank of Canada FI grew its holdings 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 valued at $26,112,000 after buying an additional 47,703 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA opened at $117.36 on Tuesday. The company has a 50 day simple moving average of $117.57 and a two-hundred day simple moving average of $116.85. Invesco Aerospace & Defense ETF has a 1 year low of $97.64 and a 1 year high of $124.89. The firm has a market cap of $4.62 billion, a P/E ratio of 27.08 and a beta of 0.95.

Invesco Aerospace & Defense ETF Company 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.