Arkadios Wealth Advisors Grows Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Arkadios Wealth Advisors grew its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,436 shares of the company’s stock after purchasing an additional 1,098 shares during the period. Arkadios Wealth Advisors’ holdings in Invesco Aerospace & Defense ETF were worth $968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. LongView Wealth Management acquired a new stake in Invesco Aerospace & Defense ETF in the 4th quarter worth approximately $329,000. Merit Financial Group LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 21.2% in the fourth quarter. Merit Financial Group LLC now owns 13,059 shares of the company’s stock valued at $1,498,000 after purchasing an additional 2,285 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 3.2% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,444 shares of the company’s stock worth $1,313,000 after purchasing an additional 354 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 6.7% during the fourth quarter. Armstrong Advisory Group Inc. now owns 3,376 shares of the company’s stock worth $387,000 after purchasing an additional 211 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Invesco Aerospace & Defense ETF by 41.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after buying an additional 172 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.7 %

PPA opened at $119.51 on Tuesday. Invesco Aerospace & Defense ETF has a 12-month low of $89.17 and a 12-month high of $124.89. The firm has a 50 day moving average of $117.85 and a two-hundred day moving average of $113.91. The firm has a market capitalization of $3.72 billion, a PE ratio of 33.87 and a beta of 0.73.

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.