Royal Bank of Canada Boosts Stock Position in Invesco Aerospace & Defense ETF $PPA

Royal Bank of Canada boosted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 200,967 shares of the company’s stock after buying an additional 16,357 shares during the period. Royal Bank of Canada owned approximately 0.42% of Invesco Aerospace & Defense ETF worth $33,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of Invesco Aerospace & Defense ETF by 0.4% in the fourth quarter. Bank of Montreal Can now owns 13,265 shares of the company’s stock worth $2,078,000 after acquiring an additional 58 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Invesco Aerospace & Defense ETF by 0.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,481 shares of the company’s stock worth $1,328,000 after purchasing an additional 60 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Invesco Aerospace & Defense ETF by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock worth $1,760,000 after purchasing an additional 61 shares during the last quarter. Advisors Capital Management LLC raised its position in shares of Invesco Aerospace & Defense ETF by 2.3% in the 4th quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after purchasing an additional 62 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Invesco Aerospace & Defense ETF by 3.0% in the 4th quarter. Vontobel Holding Ltd. now owns 2,134 shares of the company’s stock worth $334,000 after purchasing an additional 63 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $179.14 on Tuesday. Invesco Aerospace & Defense ETF has a one year low of $143.44 and a one year high of $186.30. The company’s 50-day moving average is $173.99 and its 200 day moving average is $173.70. The company has a market capitalization of $8.48 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73.

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.