Gateway Wealth Partners LLC Raises Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Gateway Wealth Partners LLC boosted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,070 shares of the company’s stock after purchasing an additional 256 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $315,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PPA. PNC Financial Services Group Inc. increased its holdings in Invesco Aerospace & Defense ETF by 4.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,316 shares of the company’s stock worth $490,000 after purchasing an additional 221 shares during the period. Parallel Advisors LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 53.7% in the 4th quarter. Parallel Advisors LLC now owns 1,964 shares of the company’s stock valued at $181,000 after acquiring an additional 686 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Invesco Aerospace & Defense ETF by 171.0% in the 4th quarter. Stifel Financial Corp now owns 186,926 shares of the company’s stock valued at $17,228,000 after acquiring an additional 117,940 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at about $325,000. Finally, Cetera Advisor Networks LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 32.5% in the 4th quarter. Cetera Advisor Networks LLC now owns 114,053 shares of the company’s stock valued at $10,511,000 after acquiring an additional 27,953 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

PPA opened at $114.92 on Tuesday. Invesco Aerospace & Defense ETF has a one year low of $77.50 and a one year high of $114.99. The company has a market cap of $3.58 billion, a P/E ratio of 33.87 and a beta of 0.73. The business’s 50-day simple moving average is $109.92 and its 200-day simple moving average is $105.12.

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.