Royal Bank of Canada Acquires 16,357 Shares of Invesco Aerospace & Defense ETF $PPA

Royal Bank of Canada lifted its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.9% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 200,967 shares of the company’s stock after acquiring an additional 16,357 shares during the quarter. Royal Bank of Canada’s holdings in Invesco Aerospace & Defense ETF were worth $33,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in Invesco Aerospace & Defense ETF by 208.6% in the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after purchasing an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Invesco Aerospace & Defense ETF by 14.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after purchasing an additional 4,915 shares during the period. Walleye Capital LLC bought a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $318,000. Cerity Partners LLC grew its position in Invesco Aerospace & Defense ETF by 24.6% during the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock valued at $3,384,000 after buying an additional 4,706 shares during the period. Finally, Qube Research & Technologies Ltd increased its holdings in Invesco Aerospace & Defense ETF by 19.9% during the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock valued at $2,812,000 after buying an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $179.14 on Tuesday. The company’s fifty day simple moving average is $173.99 and its 200-day simple moving average is $173.70. The stock has a market capitalization of $8.48 billion, a PE ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 1-year low of $143.44 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.