29,088 Shares in Invesco Aerospace & Defense ETF $PPA Bought by Green Ridge Wealth Planning LLC

Green Ridge Wealth Planning LLC bought a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 29,088 shares of the company’s stock, valued at approximately $4,556,000. Invesco Aerospace & Defense ETF accounts for about 2.3% of Green Ridge Wealth Planning LLC’s investment portfolio, making the stock its 13th biggest position. Green Ridge Wealth Planning LLC owned approximately 0.06% of Invesco Aerospace & Defense ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Invesco Aerospace & Defense ETF by 2.3% during the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after buying an additional 173,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 worth $441,268,000 after acquiring an additional 2,718,777 shares during the period. Morgan Stanley increased its position in shares of Invesco Aerospace & Defense ETF by 1.3% during the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock worth $335,691,000 after acquiring an additional 27,624 shares during the period. LPL Financial LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 3.6% during the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after acquiring an additional 60,321 shares in the last quarter. Finally, UBS Group AG boosted its holdings in shares of Invesco Aerospace & Defense ETF by 5.9% in the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after purchasing an additional 46,319 shares during the period.

Invesco Aerospace & Defense ETF Stock Performance

Shares of PPA stock opened at $175.31 on Friday. Invesco Aerospace & Defense ETF has a fifty-two week low of $133.95 and a fifty-two week high of $186.30. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. The stock’s 50-day simple moving average is $171.38 and its 200-day simple moving average is $170.13.

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.