Invesco Aerospace & Defense ETF $PPA Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2,760.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,817,263 shares of the company’s stock after purchasing an additional 2,718,777 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.06% of Invesco Aerospace & Defense ETF worth $441,268,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PPA. Tempus Wealth Planning LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 348.6% in the third quarter. Tempus Wealth Planning LLC now owns 16,395 shares of the company’s stock valued at $2,549,000 after purchasing an additional 12,740 shares in the last quarter. Detalus Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $4,441,000. Warner Group LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $6,753,000. Modern Wealth Management LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $13,976,000. Finally, Bank of America Corp DE grew its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $164.59 on Friday. The stock has a market capitalization of $7.87 billion, a P/E ratio of 30.91 and a beta of 0.72. The company has a 50 day moving average price of $171.28 and a 200 day moving average price of $166.68. Invesco Aerospace & Defense ETF has a fifty-two week low of $128.11 and a fifty-two week high of $186.30.

About Invesco Aerospace & Defense ETF

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.