Ascent Advisors LLC Acquires Shares of 4,866 Invesco Aerospace & Defense ETF $PPA

Ascent Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,866 shares of the company’s stock, valued at approximately $806,000. Invesco Aerospace & Defense ETF makes up approximately 1.3% of Ascent Advisors LLC’s portfolio, making the stock its 18th biggest position.

A number of other institutional investors also recently modified their holdings of PPA. Bank of America Corp DE increased its stake 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 purchasing an additional 173,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in 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 buying an additional 2,718,777 shares during the last quarter. Morgan Stanley lifted its stake in shares of Invesco Aerospace & Defense ETF by 1.3% in the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock valued at $335,691,000 after buying an additional 27,624 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after buying an additional 60,321 shares in the last quarter. Finally, UBS Group AG grew its holdings in shares of Invesco Aerospace & Defense ETF by 5.9% during the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after buying an additional 46,319 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $175.51 on Thursday. The company has a 50-day moving average price of $172.07 and a 200-day moving average price of $172.46. The stock has a market capitalization of $8.27 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1 year low of $141.36 and a 1 year 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.