Green Ridge Wealth Planning LLC Makes New $4.56 Million Investment in Invesco Aerospace & Defense ETF $PPA

Green Ridge Wealth Planning LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,088 shares of the company’s stock, valued at approximately $4,556,000. Invesco Aerospace & Defense ETF accounts for 2.3% of Green Ridge Wealth Planning LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of 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 valued at $441,268,000 after purchasing an additional 2,718,777 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Invesco Aerospace & Defense ETF by 2.3% during the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Invesco Aerospace & Defense ETF by 533.3% during the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Invesco Aerospace & Defense ETF by 43.6% in the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after buying an additional 121,776 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Invesco Aerospace & Defense ETF in the third quarter valued at $15,257,000.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA PPA opened at $175.31 on Friday. The firm’s fifty day moving average is $171.38 and its two-hundred day moving average is $170.13. Invesco Aerospace & Defense ETF has a one year low of $133.95 and a one year high of $186.30. The firm has a market cap of $8.38 billion, a PE 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.