Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Sold by Bank of America Corp DE

Bank of America Corp DE lowered its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,065,708 shares of the company’s stock after selling 206,234 shares during the period. Bank of America Corp DE owned 19.47% of Invesco Aerospace & Defense ETF worth $695,919,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. CIBC Private Wealth Group LLC lifted its stake in Invesco Aerospace & Defense ETF by 15.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock valued at $74,000 after acquiring an additional 87 shares during the period. TD Waterhouse Canada Inc. lifted its position in Invesco Aerospace & Defense ETF by 0.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 14,129 shares of the company’s stock valued at $1,622,000 after purchasing an additional 101 shares during the period. American Institute for Advanced Investment Management LLP boosted its holdings in Invesco Aerospace & Defense ETF by 0.8% in the fourth quarter. American Institute for Advanced Investment Management LLP now owns 14,541 shares of the company’s stock valued at $1,668,000 after purchasing an additional 121 shares during the last quarter. Assetmark Inc. grew its position in Invesco Aerospace & Defense ETF by 29.9% during the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock worth $70,000 after purchasing an additional 140 shares during the period. Finally, PFG Advisors raised its stake in shares of Invesco Aerospace & Defense ETF by 5.8% during the 4th quarter. PFG Advisors now owns 2,632 shares of the company’s stock valued at $302,000 after buying an additional 144 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.1 %

Shares of PPA stock opened at $124.88 on Tuesday. The stock has a market cap of $4.86 billion, a P/E ratio of 27.45 and a beta of 0.82. Invesco Aerospace & Defense ETF has a twelve month low of $100.39 and a twelve month high of $125.89. The stock has a 50 day moving average of $116.24 and a 200 day moving average of $117.49.

About Invesco Aerospace & Defense ETF

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.