Kingswood Wealth Advisors LLC Raises Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Kingswood Wealth Advisors LLC grew its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 106.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,055 shares of the company’s stock after purchasing an additional 4,155 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $924,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Flagship Harbor Advisors LLC lifted its stake in Invesco Aerospace & Defense ETF by 7.5% in the fourth quarter. Flagship Harbor Advisors LLC now owns 22,048 shares of the company’s stock worth $2,530,000 after acquiring an additional 1,544 shares during the period. Geneos Wealth Management Inc. lifted its stake in Invesco Aerospace & Defense ETF by 9.6% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,608 shares of the company’s stock worth $299,000 after acquiring an additional 228 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in Invesco Aerospace & Defense ETF by 10.6% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 7,309 shares of the company’s stock worth $839,000 after acquiring an additional 701 shares during the period. Avior Wealth Management LLC lifted its stake in Invesco Aerospace & Defense ETF by 4.7% in the fourth quarter. Avior Wealth Management LLC now owns 9,448 shares of the company’s stock worth $1,084,000 after acquiring an additional 426 shares during the period. Finally, Mutual Advisors LLC lifted its stake in Invesco Aerospace & Defense ETF by 5.0% in the fourth quarter. Mutual Advisors LLC now owns 3,177 shares of the company’s stock worth $377,000 after acquiring an additional 152 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $119.18 on Wednesday. The firm has a market cap of $3.71 billion, a PE ratio of 33.87 and a beta of 0.73. The company has a 50-day moving average of $118.11 and a 200 day moving average of $114.68. Invesco Aerospace & Defense ETF has a 1-year low of $90.67 and a 1-year high of $124.89.

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.