Warner Group LLC Cuts Stake in Invesco Aerospace & Defense ETF $PPA

Warner Group LLC lowered its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 86.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,926 shares of the company’s stock after selling 37,513 shares during the quarter. Warner Group LLC’s holdings in Invesco Aerospace & Defense ETF were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Guardian Capital LLC purchased a new stake in Invesco Aerospace & Defense ETF in the fourth quarter worth approximately $566,000. Millennium Capital Advisors LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $282,000. AlphaCore Capital LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 12.2% during the fourth quarter. AlphaCore Capital LLC now owns 2,369 shares of the company’s stock valued at $371,000 after purchasing an additional 257 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% during 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 purchasing an additional 2,718,777 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter valued at approximately $3,867,000.

Invesco Aerospace & Defense ETF Stock Performance

NYSEARCA:PPA opened at $166.52 on Tuesday. The firm has a market cap of $7.96 billion, a PE ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a fifty-two week low of $128.11 and a fifty-two week high of $186.30. The business has a 50 day moving average price of $171.02 and a 200-day moving average price of $166.78.

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.