Corient Private Wealth LLC Has $12.29 Million Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Corient Private Wealth LLC decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 45.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 78,491 shares of the company’s stock after selling 65,344 shares during the quarter. Corient Private Wealth LLC’s holdings in Invesco Aerospace & Defense ETF were worth $12,295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of PPA. Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Aerospace & Defense ETF by 2,760.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after acquiring an additional 2,718,777 shares during the period. Bank of America Corp DE increased its position in Invesco Aerospace & Defense ETF by 2.3% during the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock worth $1,192,024,000 after acquiring an additional 173,290 shares during the period. BNP Paribas Financial Markets increased its position in Invesco Aerospace & Defense ETF by 533.3% during the third quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after acquiring an additional 160,000 shares during the period. Ameriprise Financial Inc. raised its stake 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, Quadrature Capital Ltd acquired a new stake in Invesco Aerospace & Defense ETF in the 3rd quarter worth about $15,257,000.

Invesco Aerospace & Defense ETF Stock Down 0.5%

NYSEARCA PPA opened at $171.73 on Wednesday. The company has a market capitalization of $8.21 billion, a P/E ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12-month low of $135.21 and a 12-month high of $186.30. The firm has a 50-day moving average price of $171.27 and a two-hundred day moving average price of $170.61.

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.