Marin Bay Wealth Advisors LLC Invests $998,000 in Invesco Aerospace & Defense ETF $PPA

Marin Bay Wealth Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 6,025 shares of the company’s stock, valued at approximately $998,000.

A number of other hedge funds also recently made changes to their positions in PPA. Northwestern Mutual Wealth Management Co. increased its holdings in 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 worth $441,268,000 after acquiring an additional 2,718,777 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Invesco Aerospace & Defense ETF by 533.3% in the third 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 during the period. Ameriprise Financial Inc. boosted its position in shares of Invesco Aerospace & Defense ETF by 43.6% in the third 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 during the period. Kestra Advisory Services LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 136.8% in the first quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock worth $25,473,000 after purchasing an additional 88,795 shares in the last quarter. Finally, EFG International AG purchased a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth $13,799,000.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $168.88 on Wednesday. Invesco Aerospace & Defense ETF has a one year low of $142.07 and a one year high of $186.30. The company’s fifty day moving average price is $172.79 and its 200-day moving average price is $173.24. The company has a market capitalization of $7.97 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73.

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.