Gateway Wealth Partners LLC Increases Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Gateway Wealth Partners LLC raised its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 98.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,474 shares of the company’s stock after purchasing an additional 4,694 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Invesco Aerospace & Defense ETF were worth $1,570,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after buying an additional 2,718,777 shares during the last quarter. Morgan Stanley increased its holdings in Invesco Aerospace & Defense ETF by 1.3% during the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock valued at $335,691,000 after buying an additional 27,624 shares during the last quarter. LPL Financial LLC increased its holdings in Invesco Aerospace & Defense ETF by 3.6% during the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after buying an additional 60,321 shares during the last quarter. UBS Group AG increased its holdings in Invesco Aerospace & Defense ETF by 5.9% during the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after buying an additional 46,319 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in Invesco Aerospace & Defense ETF by 6.1% in the fourth quarter. Wells Fargo & Company MN now owns 651,525 shares of the company’s stock worth $102,048,000 after acquiring an additional 37,509 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $177.66 on Wednesday. The company’s fifty day simple moving average is $173.58 and its 200-day simple moving average is $173.64. The stock has a market capitalization of $8.39 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $142.07 and a 1-year high of $186.30.

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.