Gateway Wealth Partners LLC Increases Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Gateway Wealth Partners LLC lifted its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,225 shares of the company’s stock after purchasing an additional 155 shares during the period. Gateway Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $371,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. LPL Financial LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 15.6% in the 2nd quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after purchasing an additional 184,961 shares during the period. Miracle Mile Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 2.8% in the 2nd quarter. Miracle Mile Advisors LLC now owns 581,554 shares of the company’s stock worth $59,737,000 after purchasing an additional 15,567 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 6.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 336,088 shares of the company’s stock worth $34,523,000 after purchasing an additional 20,857 shares during the period. Raymond James & Associates raised its stake in shares of Invesco Aerospace & Defense ETF by 20.8% during the 3rd quarter. Raymond James & Associates now owns 292,618 shares of the company’s stock worth $33,642,000 after acquiring an additional 50,360 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 10,225.1% during the 3rd quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after acquiring an additional 275,975 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.4 %

NYSEARCA PPA opened at $116.15 on Wednesday. The firm has a market cap of $3.62 billion, a PE ratio of 33.87 and a beta of 0.73. The company has a 50 day moving average price of $114.00 and a 200 day moving average price of $107.62. Invesco Aerospace & Defense ETF has a 52 week low of $79.63 and a 52 week high of $120.16.

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.