MGB Wealth Management LLC Has $1.06 Million Stock Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

MGB Wealth Management LLC increased its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,404 shares of the company’s stock after purchasing an additional 915 shares during the period. MGB Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,057,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at $39,000. Creekmur Asset Management LLC bought a new position in Invesco Aerospace & Defense ETF in the 4th quarter valued at about $44,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $55,000. Whittier Trust Co. grew its position in shares of Invesco Aerospace & Defense ETF by 385.7% in the first quarter. Whittier Trust Co. now owns 680 shares of the company’s stock valued at $69,000 after purchasing an additional 540 shares during the last quarter. Finally, WealthShield Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $79,000.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA traded up $0.33 on Friday, reaching $104.68. The stock had a trading volume of 131,194 shares, compared to its average volume of 146,598. The company has a market cap of $3.26 billion, a P/E ratio of 33.87 and a beta of 0.73. The firm has a fifty day moving average of $103.94 and a two-hundred day moving average of $98.80. Invesco Aerospace & Defense ETF has a 1-year low of $77.50 and a 1-year high of $105.81.

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.