Turn8 Private Wealth Inc. Sells 3,500 Shares of Invesco Aerospace & Defense ETF $PPA

Turn8 Private Wealth Inc. lowered its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 14.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,194 shares of the company’s stock after selling 3,500 shares during the quarter. Invesco Aerospace & Defense ETF comprises 2.5% of Turn8 Private Wealth Inc.’s holdings, making the stock its 19th biggest position. Turn8 Private Wealth Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $3,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Invesco Aerospace & Defense ETF by 2,760.6% in 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 acquiring an additional 2,718,777 shares in the last quarter. Morgan Stanley raised its stake in Invesco Aerospace & Defense ETF by 1.3% in the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock valued at $335,691,000 after purchasing an additional 27,624 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock worth $270,823,000 after acquiring an additional 60,321 shares during the period. UBS Group AG lifted its stake in Invesco Aerospace & Defense ETF by 5.9% during the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock worth $128,377,000 after purchasing an additional 46,319 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Invesco Aerospace & Defense ETF by 6.1% during the 4th quarter. Wells Fargo & Company MN now owns 651,525 shares of the company’s stock worth $102,048,000 after buying an additional 37,509 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.0%

NYSEARCA:PPA opened at $185.09 on Friday. Invesco Aerospace & Defense ETF has a twelve month low of $143.44 and a twelve month high of $186.30. The stock’s 50-day simple moving average is $175.77 and its 200 day simple moving average is $174.07. The firm has a market capitalization of $8.76 billion, a PE ratio of 30.91 and a beta of 0.74.

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.