Wells Fargo & Company MN lowered its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.3% in the second quarter, Holdings Channel reports. The institutional investor owned 320,320 shares of the company’s stock after selling 21,675 shares during the quarter. Wells Fargo & Company MN’s holdings in Invesco Aerospace & Defense ETF were worth $17,592,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PPA. Cornerstone Wealth Management LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $2,842,000. LPL Financial LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 30.3% during the 1st quarter. LPL Financial LLC now owns 287,982 shares of the company’s stock worth $16,352,000 after buying an additional 66,934 shares during the last quarter. Q3 Asset Management acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 1st quarter worth approximately $3,767,000. Virtu Financial LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $1,830,000. Finally, Royal Bank of Canada increased its holdings in shares of Invesco Aerospace & Defense ETF by 19.1% during the 1st quarter. Royal Bank of Canada now owns 204,590 shares of the company’s stock worth $11,617,000 after buying an additional 32,774 shares during the last quarter.

Shares of NYSEARCA PPA opened at $59.11 on Friday. Invesco Aerospace & Defense ETF has a 1 year low of $48.39 and a 1 year high of $59.78.

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.

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Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

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