Spectrum Strategic Capital Management LLC Reduces Stock Position in Invesco Aerospace & Defense ETF $PPA

Spectrum Strategic Capital Management LLC lowered its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,374 shares of the company’s stock after selling 4,654 shares during the period. Invesco Aerospace & Defense ETF comprises about 1.4% of Spectrum Strategic Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. Spectrum Strategic Capital Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $2,565,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PPA. Northwestern Mutual Wealth Management Co. boosted its position in Invesco Aerospace & Defense ETF by 2,760.6% during 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 buying an additional 2,718,777 shares during the period. Bank of America Corp DE boosted its position 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 during the period. BNP Paribas Financial Markets raised its holdings in Invesco Aerospace & Defense ETF by 533.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after purchasing an additional 160,000 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Invesco Aerospace & Defense ETF by 43.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 400,922 shares of the company’s stock worth $62,303,000 after purchasing an additional 121,776 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Invesco Aerospace & Defense ETF by 66.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock worth $38,349,000 after purchasing an additional 98,597 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA PPA opened at $164.59 on Monday. Invesco Aerospace & Defense ETF has a 12 month low of $128.11 and a 12 month high of $186.30. The firm has a market capitalization of $7.87 billion, a PE ratio of 30.91 and a beta of 0.72. The firm has a fifty day simple moving average of $171.28 and a two-hundred day simple moving average of $166.73.

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.