Accurate Wealth Management LLC Invests $755,000 in Invesco Aerospace & Defense ETF $PPA

Accurate Wealth Management LLC bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,397 shares of the company’s stock, valued at approximately $755,000.

A number of other large investors have also added to or reduced their stakes in PPA. Evolution Wealth Management Inc. purchased a new position in Invesco Aerospace & Defense ETF in the 2nd quarter valued at about $26,000. BOK Financial Private Wealth Inc. increased its position in shares of Invesco Aerospace & Defense ETF by 84.2% during the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after acquiring an additional 80 shares during the last quarter. Binnacle Investments Inc lifted its stake in shares of Invesco Aerospace & Defense ETF by 84.2% in the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Invesco Aerospace & Defense ETF in the third quarter worth about $47,000. Finally, Wealth Watch Advisors INC purchased a new position in Invesco Aerospace & Defense ETF in the third quarter valued at about $49,000.

Invesco Aerospace & Defense ETF Trading Down 1.9%

Invesco Aerospace & Defense ETF stock opened at $164.38 on Friday. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $186.30. The stock has a market cap of $7.36 billion, a P/E ratio of 30.91 and a beta of 0.87. The stock has a 50 day moving average of $176.25 and a 200-day moving average of $162.94.

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.