Kestra Advisory Services LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 136.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 153,727 shares of the company’s stock after acquiring an additional 88,795 shares during the period. Kestra Advisory Services LLC owned approximately 0.32% of Invesco Aerospace & Defense ETF worth $25,473,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its stake in 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 valued at $441,268,000 after purchasing an additional 2,718,777 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Invesco Aerospace & Defense ETF by 533.3% in the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Invesco Aerospace & Defense ETF by 43.6% during the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock worth $62,303,000 after buying an additional 121,776 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Invesco Aerospace & Defense ETF during the third quarter worth $15,257,000.
Invesco Aerospace & Defense ETF Stock Down 0.4%
NYSEARCA PPA traded down $0.62 on Friday, reaching $174.30. The company had a trading volume of 127,359 shares, compared to its average volume of 279,405. The company’s fifty day moving average is $172.48 and its 200 day moving average is $172.60. Invesco Aerospace & Defense ETF has a 52-week low of $142.07 and a 52-week high of $186.30. The stock has a market capitalization of $8.22 billion, a P/E ratio of 30.91 and a beta of 0.73.
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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