KPP Advisory Services LLC increased its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 50.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,888 shares of the company’s stock after purchasing an additional 14,730 shares during the period. Invesco Aerospace & Defense ETF accounts for 1.1% of KPP Advisory Services LLC’s investment portfolio, making the stock its 24th biggest position. KPP Advisory Services LLC’s holdings in Invesco Aerospace & Defense ETF were worth $7,272,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in PPA. Bank of America Corp DE increased its stake in Invesco Aerospace & Defense ETF by 2.3% during the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after acquiring an additional 173,290 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Invesco Aerospace & Defense ETF by 2,760.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after purchasing an additional 2,718,777 shares during the period. Morgan Stanley increased its position in Invesco Aerospace & Defense ETF by 1.3% during the 4th quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock worth $335,691,000 after purchasing an additional 27,624 shares in the last quarter. LPL Financial LLC increased its position in Invesco Aerospace & Defense ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock worth $270,823,000 after purchasing an additional 60,321 shares in the last quarter. Finally, UBS Group AG raised its holdings in Invesco Aerospace & Defense ETF by 5.9% in 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 period.
Invesco Aerospace & Defense ETF Stock Up 0.5%
Shares of PPA stock opened at $177.53 on Thursday. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $138.83 and a fifty-two week high of $186.30. The firm’s 50 day moving average price is $170.92 and its two-hundred day moving average price is $171.52.
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.
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