Axxcess Wealth Management LLC Cuts Holdings in Invesco Aerospace & Defense ETF $PPA

Axxcess Wealth Management LLC lessened its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.0% in the third quarter, Holdings Channel.com reports. The fund owned 333,553 shares of the company’s stock after selling 25,122 shares during the quarter. Invesco Aerospace & Defense ETF comprises approximately 1.1% of Axxcess Wealth Management LLC’s holdings, making the stock its 19th largest position. Axxcess Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $51,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 536,086 shares of the company’s stock valued at $83,338,000 after purchasing an additional 40,640 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Invesco Aerospace & Defense ETF by 66.6% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after buying an additional 98,597 shares in the last quarter. Osaic Holdings Inc. lifted its position in Invesco Aerospace & Defense ETF by 12.1% during the second quarter. Osaic Holdings Inc. now owns 206,410 shares of the company’s stock valued at $29,257,000 after buying an additional 22,282 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Invesco Aerospace & Defense ETF by 11.4% during the third quarter. Envestnet Asset Management Inc. now owns 191,031 shares of the company’s stock worth $29,696,000 after buying an additional 19,472 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of Invesco Aerospace & Defense ETF by 19.7% in the third quarter. Commonwealth Equity Services LLC now owns 185,002 shares of the company’s stock worth $28,758,000 after acquiring an additional 30,441 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 0.7%

Shares of PPA stock opened at $177.37 on Wednesday. The company has a market cap of $7.94 billion, a PE ratio of 30.91 and a beta of 0.87. The company’s fifty day simple moving average is $168.15 and its 200-day simple moving average is $157.23. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $181.31.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.