M3 Wealth Management LLC Takes $911,000 Position in Invesco Aerospace & Defense ETF $PPA

M3 Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,816 shares of the company’s stock, valued at approximately $911,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PPA. Goldman Sachs Group Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 208.6% in the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after purchasing an additional 20,869 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Invesco Aerospace & Defense ETF by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after purchasing an additional 4,915 shares during the period. Walleye Capital LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the second quarter valued at about $318,000. Cerity Partners LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 24.6% in the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after purchasing an additional 4,706 shares during the period. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Invesco Aerospace & Defense ETF by 19.9% in the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after purchasing an additional 3,294 shares during the period.

Invesco Aerospace & Defense ETF Stock Up 2.2%

Shares of NYSEARCA PPA opened at $174.04 on Wednesday. Invesco Aerospace & Defense ETF has a 52 week low of $131.09 and a 52 week high of $186.30. The firm has a 50-day moving average price of $170.02 and a 200 day moving average price of $167.31. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 30.91 and a beta of 0.72.

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. 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.