Thrivent Financial for Lutherans Takes $3.87 Million Position in Invesco Aerospace & Defense ETF $PPA

Thrivent Financial for Lutherans bought a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,686 shares of the company’s stock, valued at approximately $3,867,000. Thrivent Financial for Lutherans owned approximately 0.06% of Invesco Aerospace & Defense ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Invesco Aerospace & Defense ETF by 2.3% in the third quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after acquiring an additional 173,290 shares in the last quarter. UBS Group AG lifted its position in shares of Invesco Aerospace & Defense ETF by 5.9% in the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after acquiring an additional 46,319 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 8.2% in the third quarter. HighTower Advisors LLC now owns 536,086 shares of the company’s stock valued at $83,338,000 after acquiring an additional 40,640 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Invesco Aerospace & Defense ETF by 4.8% in the third quarter. Raymond James Financial Inc. now owns 460,471 shares of the company’s stock valued at $71,580,000 after acquiring an additional 20,948 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted 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 valued at $62,303,000 after acquiring an additional 121,776 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA PPA opened at $170.24 on Friday. The company has a market cap of $8.14 billion, a PE ratio of 30.91 and a beta of 0.72. The stock’s 50 day simple moving average is $170.08 and its 200-day simple moving average is $167.00. Invesco Aerospace & Defense ETF has a 1-year low of $128.11 and a 1-year high of $186.30.

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.