Northwestern Mutual Wealth Management Co. trimmed its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 48.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 74,041 shares of the company’s stock after selling 70,187 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.16% of Invesco Aerospace & Defense ETF worth $13,079,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings 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 worth $3,598,000 after buying an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. raised its position in Invesco Aerospace & Defense ETF by 14.4% in the second 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 period. Walleye Capital LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth $318,000. Cerity Partners LLC boosted its stake 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 grew its position in shares of Invesco Aerospace & Defense ETF by 19.9% during 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
NYSEARCA:PPA opened at $163.57 on Thursday. Invesco Aerospace & Defense ETF has a one year low of $144.29 and a one year high of $186.30. The business has a fifty day moving average price of $175.54 and a 200-day moving average price of $173.89. The firm has a market capitalization of $7.75 billion, a price-to-earnings ratio of 30.91 and a beta of 0.74.
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.
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