Harbour Wealth Management Group Inc. Takes $3.33 Million Position in Invesco Aerospace & Defense ETF $PPA

Harbour Wealth Management Group Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,240 shares of the company’s stock, valued at approximately $3,327,000. Invesco Aerospace & Defense ETF accounts for about 2.6% of Harbour Wealth Management Group Inc.’s portfolio, making the stock its 12th largest holding.

Several other institutional investors have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Aerospace & Defense ETF by 2,760.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after acquiring an additional 2,718,777 shares during the period. Bank of America Corp DE lifted its stake in 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 during the period. BNP Paribas Financial Markets boosted its holdings in 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 valued at $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. boosted 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 valued at $62,303,000 after purchasing an additional 121,776 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Invesco Aerospace & Defense ETF during the third quarter valued at approximately $15,257,000.

Invesco Aerospace & Defense ETF Trading Down 1.4%

PPA stock opened at $175.31 on Friday. Invesco Aerospace & Defense ETF has a 1-year low of $133.95 and a 1-year high of $186.30. The business’s 50 day moving average is $171.40 and its 200-day moving average is $170.10. The firm has a market cap of $8.38 billion, a P/E ratio of 30.91 and a beta of 0.73.

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.