Western Wealth Management LLC Buys 4,917 Shares of Invesco Aerospace & Defense ETF $PPA

Western Wealth Management LLC lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 59.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,152 shares of the company’s stock after acquiring an additional 4,917 shares during the period. Western Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PPA. Bank of America Corp DE raised its stake in shares of Invesco Aerospace & Defense ETF by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after acquiring an additional 173,290 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Invesco Aerospace & Defense ETF by 533.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after acquiring an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 43.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after acquiring an additional 121,776 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Invesco Aerospace & Defense ETF by 66.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after acquiring an additional 98,597 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $15,257,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $169.52 on Friday. The stock’s 50 day simple moving average is $171.66 and its 200 day simple moving average is $166.69. Invesco Aerospace & Defense ETF has a twelve month low of $128.11 and a twelve month high of $186.30. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of 30.91 and a beta of 0.72.

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.