Northwestern Mutual Wealth Management Co. Grows Stake in Invesco Aerospace & Defense ETF $PPA

Northwestern Mutual Wealth Management Co. increased its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 90.3% in the 4th quarter, HoldingsChannel reports. The fund owned 187,448 shares of the company’s stock after acquiring an additional 88,962 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Aerospace & Defense ETF were worth $29,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PPA. Bank of America Corp DE grew its position in 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 worth $1,192,024,000 after acquiring an additional 173,290 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Invesco Aerospace & Defense ETF by 533.3% in 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 during the last quarter. Ameriprise Financial Inc. lifted its stake 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 worth $62,303,000 after purchasing an additional 121,776 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Invesco Aerospace & Defense ETF in the third quarter worth about $15,257,000. Finally, Modern Wealth Management LLC bought a new stake in Invesco Aerospace & Defense ETF in the third quarter worth about $13,976,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $177.59 on Monday. The company has a market cap of $8.49 billion, a P/E ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a 1 year low of $131.50 and a 1 year high of $186.30. The firm has a 50-day simple moving average of $170.10 and a two-hundred day simple moving average of $167.80.

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.