Northwestern Mutual Wealth Management Co. Purchases 88,962 Shares of Invesco Aerospace & Defense ETF $PPA

Northwestern Mutual Wealth Management Co. grew its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 90.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,448 shares of the company’s stock after buying an additional 88,962 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 0.42% of Invesco Aerospace & Defense ETF worth $29,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PPA. Goldman Sachs Group Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 208.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock valued at $3,598,000 after buying an additional 20,869 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock valued at $5,524,000 after buying an additional 4,915 shares during the period. Walleye Capital LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter valued at $318,000. Cerity Partners LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 24.6% during the 2nd quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after buying an additional 4,706 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Invesco Aerospace & Defense ETF by 19.9% during the 2nd quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after buying an additional 3,294 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $177.59 on Monday. The business’s fifty day moving average price is $170.10 and its 200-day moving average price is $167.80. The stock has a market capitalization of $8.49 billion, a price-to-earnings 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.

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.