Independent Financial Group LLC Takes Position in Invesco Aerospace & Defense ETF $PPA

Independent Financial Group LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the first quarter, HoldingsChannel reports. The institutional investor purchased 12,786 shares of the company’s stock, valued at approximately $2,119,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in Invesco Aerospace & Defense ETF by 2,760.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock worth $441,268,000 after acquiring an additional 2,718,777 shares during the last quarter. Morgan Stanley boosted its stake in Invesco Aerospace & Defense ETF by 1.3% during the 4th quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock valued at $335,691,000 after purchasing an additional 27,624 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 3.6% in the 4th quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock worth $270,823,000 after purchasing an additional 60,321 shares in the last quarter. UBS Group AG increased its holdings in shares of Invesco Aerospace & Defense ETF by 5.9% in the 3rd quarter. UBS Group AG now owns 825,841 shares of the company’s stock worth $128,377,000 after purchasing an additional 46,319 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Invesco Aerospace & Defense ETF by 6.1% in the fourth quarter. Wells Fargo & Company MN now owns 651,525 shares of the company’s stock worth $102,048,000 after purchasing an additional 37,509 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:PPA opened at $168.51 on Friday. The company has a market cap of $7.95 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1 year low of $142.07 and a 1 year high of $186.30. The stock’s fifty day moving average price is $172.84 and its 200-day moving average price is $172.98.

Invesco Aerospace & Defense ETF Company 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.