GFS Advisors LLC Takes $1.62 Million Position in Invesco Aerospace & Defense ETF $PPA

GFS Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,354 shares of the company’s stock, valued at approximately $1,622,000.

Several other institutional investors have also recently made changes to their positions in PPA. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Invesco Aerospace & Defense ETF by 2,760.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after purchasing an additional 2,718,777 shares during the period. Bank of America Corp DE raised its holdings in shares of Invesco Aerospace & Defense ETF by 2.3% during 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 during the period. BNP Paribas Financial Markets raised its holdings in shares of Invesco Aerospace & Defense ETF by 533.3% during the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock valued at $29,536,000 after purchasing an additional 160,000 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Invesco Aerospace & Defense ETF by 43.6% during the third quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock valued at $62,303,000 after purchasing an additional 121,776 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in shares of Invesco Aerospace & Defense ETF during the third quarter valued at about $15,257,000.

Invesco Aerospace & Defense ETF Trading Up 1.2%

Shares of NYSEARCA PPA opened at $171.75 on Wednesday. The firm’s 50-day moving average price is $170.47 and its 200-day moving average price is $168.81. Invesco Aerospace & Defense ETF has a 1-year low of $132.54 and a 1-year high of $186.30. The firm has a market capitalization of $8.21 billion, a P/E ratio of 30.91 and a beta of 0.73.

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.