Baird Financial Group Inc. Raises Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Baird Financial Group Inc. increased its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,363 shares of the company’s stock after purchasing an additional 3,322 shares during the period. Baird Financial Group Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $4,172,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its holdings in Invesco Aerospace & Defense ETF by 3.0% in the 4th quarter. LPL Financial LLC now owns 1,434,638 shares of the company’s stock valued at $164,596,000 after buying an additional 41,666 shares during the period. Wells Fargo & Company MN grew its holdings in Invesco Aerospace & Defense ETF by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 604,259 shares of the company’s stock valued at $69,327,000 after purchasing an additional 22,441 shares during the period. Raymond James Financial Inc. acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $63,049,000. Summit Trail Advisors LLC raised its stake in Invesco Aerospace & Defense ETF by 1.1% during the fourth quarter. Summit Trail Advisors LLC now owns 538,504 shares of the company’s stock worth $61,783,000 after purchasing an additional 5,927 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 6.0% in the 4th quarter. HighTower Advisors LLC now owns 496,264 shares of the company’s stock valued at $56,936,000 after purchasing an additional 27,992 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.0 %

Shares of NYSEARCA PPA opened at $126.56 on Friday. The stock has a market capitalization of $4.93 billion, a PE ratio of 29.16 and a beta of 0.84. The firm has a fifty day moving average of $117.05 and a 200-day moving average of $117.69. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $127.67.

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.