SteelPeak Wealth LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

SteelPeak Wealth LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,605 shares of the company’s stock, valued at approximately $299,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans increased its position in shares of Invesco Aerospace & Defense ETF by 34.4% during the second quarter. Thrivent Financial for Lutherans now owns 10,531 shares of the company’s stock worth $1,082,000 after acquiring an additional 2,694 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter valued at approximately $209,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Aerospace & Defense ETF by 519.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 26,395 shares of the company’s stock valued at $2,711,000 after buying an additional 22,132 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of Invesco Aerospace & Defense ETF by 63.9% during the second quarter. NewEdge Advisors LLC now owns 8,602 shares of the company’s stock worth $884,000 after buying an additional 3,353 shares in the last quarter. Finally, Truist Financial Corp increased its stake in shares of Invesco Aerospace & Defense ETF by 9.0% in the second quarter. Truist Financial Corp now owns 112,797 shares of the company’s stock worth $11,587,000 after buying an additional 9,356 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $120.87 on Friday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12 month low of $90.93 and a 12 month high of $124.89. The company’s fifty day moving average price is $118.14 and its two-hundred day moving average price is $114.75.

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.