MGB Wealth Management LLC Boosts Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

MGB Wealth Management LLC lifted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,444 shares of the company’s stock after purchasing an additional 375 shares during the quarter. MGB Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Invesco Aerospace & Defense ETF by 10,225.1% during the third quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after buying an additional 275,975 shares during the period. Cetera Investment Advisers boosted its stake in Invesco Aerospace & Defense ETF by 1,146.0% during the first quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock worth $22,906,000 after buying an additional 207,419 shares during the period. LPL Financial LLC boosted its stake in Invesco Aerospace & Defense ETF by 15.6% during the second quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after buying an additional 184,961 shares during the period. Janney Montgomery Scott LLC purchased a new position in Invesco Aerospace & Defense ETF during the third quarter worth $9,775,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in Invesco Aerospace & Defense ETF during the third quarter worth $9,263,000.

Invesco Aerospace & Defense ETF Trading Up 1.2 %

NYSEARCA:PPA opened at $121.04 on Friday. Invesco Aerospace & Defense ETF has a twelve month low of $86.53 and a twelve month high of $124.89. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. The stock has a fifty day simple moving average of $116.95 and a 200-day simple moving average of $109.95.

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.