Turn8 Private Wealth Inc. decreased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 14.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,194 shares of the company’s stock after selling 3,500 shares during the period. Invesco Aerospace & Defense ETF accounts for approximately 2.5% of Turn8 Private Wealth Inc.’s holdings, making the stock its 19th largest position. Turn8 Private Wealth Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $3,719,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of PPA. Goldman Sachs Group Inc. lifted its position 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 buying an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Invesco Aerospace & Defense ETF by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after acquiring an additional 4,915 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $318,000. Cerity Partners LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 24.6% during the 2nd quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock worth $3,384,000 after acquiring an additional 4,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in Invesco Aerospace & Defense ETF by 19.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after acquiring an additional 3,294 shares during the period.
Invesco Aerospace & Defense ETF Price Performance
Shares of PPA opened at $185.09 on Friday. The company’s 50-day moving average is $175.77 and its 200-day moving average is $174.07. The firm has a market capitalization of $8.76 billion, a PE ratio of 30.91 and a beta of 0.74. Invesco Aerospace & Defense ETF has a fifty-two week low of $143.44 and a fifty-two week high of $186.30.
Invesco Aerospace & Defense ETF 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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