Wells Fargo & Company MN Raises Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Wells Fargo & Company MN grew its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 469,209 shares of the company’s stock after acquiring an additional 114,843 shares during the period. Wells Fargo & Company MN’s holdings in Invesco Aerospace & Defense ETF were worth $43,242,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Simplex Trading LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 52.7% in the 3rd quarter. Simplex Trading LLC now owns 403 shares of the company’s stock valued at $32,000 after acquiring an additional 139 shares during the period. GAMMA Investing LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $39,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $55,000. Tyler Stone Wealth Management raised its stake in shares of Invesco Aerospace & Defense ETF by 18.4% in the 3rd quarter. Tyler Stone Wealth Management now owns 779 shares of the company’s stock valued at $62,000 after acquiring an additional 121 shares during the period. Finally, WealthShield Partners LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 4th quarter valued at $79,000.

Invesco Aerospace & Defense ETF Trading Up 1.2 %

Shares of PPA stock opened at $105.40 on Monday. The company’s fifty day simple moving average is $101.60 and its 200-day simple moving average is $95.20. Invesco Aerospace & Defense ETF has a 52 week low of $77.17 and a 52 week high of $105.81. The company has a market cap of $3.28 billion, a PE ratio of 33.87 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.