Northwestern Mutual Wealth Management Co. Raises Stock Position in Invesco Aerospace & Defense ETF $PPA

Northwestern Mutual Wealth Management Co. boosted its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2,760.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,817,263 shares of the company’s stock after purchasing an additional 2,718,777 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 6.29% of Invesco Aerospace & Defense ETF worth $441,268,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Sanctuary Advisors LLC raised its stake in Invesco Aerospace & Defense ETF by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 11,237 shares of the company’s stock worth $1,760,000 after purchasing an additional 61 shares during the period. Advisors Capital Management LLC raised its stake in Invesco Aerospace & Defense ETF by 2.3% during the fourth quarter. Advisors Capital Management LLC now owns 2,731 shares of the company’s stock worth $428,000 after purchasing an additional 62 shares during the period. McCollum Christoferson Group LLC raised its stake in Invesco Aerospace & Defense ETF by 4.1% during the fourth quarter. McCollum Christoferson Group LLC now owns 1,925 shares of the company’s stock worth $302,000 after purchasing an additional 75 shares during the period. Smith Moore & CO. raised its stake in Invesco Aerospace & Defense ETF by 3.3% during the third quarter. Smith Moore & CO. now owns 2,425 shares of the company’s stock worth $377,000 after purchasing an additional 78 shares during the period. Finally, BOK Financial Private Wealth Inc. raised its stake in Invesco Aerospace & Defense ETF by 84.2% during the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after purchasing an additional 80 shares during the period.

Invesco Aerospace & Defense ETF Price Performance

Shares of PPA stock opened at $164.59 on Friday. The firm’s 50-day moving average is $171.28 and its two-hundred day moving average is $166.68. Invesco Aerospace & Defense ETF has a 12 month low of $128.11 and a 12 month high of $186.30. The company has a market capitalization of $7.87 billion, a PE ratio of 30.91 and a beta of 0.72.

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.