BNP Paribas Financial Markets Sells 120,500 Shares of Invesco Aerospace & Defense ETF $PPA

BNP Paribas Financial Markets reduced its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 63.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,500 shares of the company’s stock after selling 120,500 shares during the period. BNP Paribas Financial Markets’ holdings in Invesco Aerospace & Defense ETF were worth $10,886,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Invesco Aerospace & Defense ETF by 2.3% in 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 purchasing an additional 173,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the 4th 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 in the last quarter. UBS Group AG boosted its stake in shares of Invesco Aerospace & Defense ETF by 5.9% in the 3rd 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 in the last quarter. HighTower Advisors LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 8.2% in the 3rd quarter. HighTower Advisors LLC now owns 536,086 shares of the company’s stock valued at $83,338,000 after purchasing an additional 40,640 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 4.8% in the 3rd quarter. Raymond James Financial Inc. now owns 460,471 shares of the company’s stock valued at $71,580,000 after purchasing an additional 20,948 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA PPA opened at $170.50 on Monday. The firm’s fifty day moving average price is $170.28 and its two-hundred day moving average price is $168.50. The stock has a market cap of $8.15 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a fifty-two week low of $132.54 and a fifty-two week high of $186.30.

Invesco Aerospace & Defense ETF 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.