Truist Financial Corp Has $25.13 Million Stake in Invesco Aerospace & Defense ETF $PPA

Truist Financial Corp increased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 15.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,677 shares of the company’s stock after buying an additional 21,284 shares during the quarter. Truist Financial Corp owned about 0.37% of Invesco Aerospace & Defense ETF worth $25,133,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in Invesco Aerospace & Defense ETF by 208.6% during the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after acquiring an additional 20,869 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Invesco Aerospace & Defense ETF by 12.3% in the second quarter. Janney Montgomery Scott LLC now owns 31,829 shares of the company’s stock valued at $4,510,000 after buying an additional 3,496 shares during the period. PFG Investments LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $331,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth approximately $20,984,000. Finally, Ascent Group LLC acquired a new stake in Invesco Aerospace & Defense ETF in the second quarter worth $232,000.

Invesco Aerospace & Defense ETF Stock Performance

PPA stock opened at $174.58 on Friday. The stock’s 50 day simple moving average is $162.25 and its 200 day simple moving average is $154.69. The company has a market cap of $7.78 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $181.31.

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.