Citizens Financial Group Inc. RI Buys Shares of 3,626 Invesco Aerospace & Defense ETF $PPA

Citizens Financial Group Inc. RI acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the first quarter, HoldingsChannel reports. The institutional investor acquired 3,626 shares of the company’s stock, valued at approximately $601,000.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $441,268,000 after acquiring an additional 2,718,777 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 worth $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. increased its holdings 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 worth $62,303,000 after purchasing an additional 121,776 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 136.8% in the first quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock worth $25,473,000 after purchasing an additional 88,795 shares during the last quarter. Finally, EFG International AG purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth $13,799,000.

Invesco Aerospace & Defense ETF Stock Performance

PPA opened at $171.88 on Thursday. The stock has a market capitalization of $8.11 billion, a P/E ratio of 30.91 and a beta of 0.73. The company’s 50-day simple moving average is $172.78 and its two-hundred day simple moving average is $172.94. Invesco Aerospace & Defense ETF has a 52-week low of $142.07 and a 52-week high of $186.30.

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.