Northwestern Mutual Wealth Management Co. Sells 70,187 Shares of Invesco Aerospace & Defense ETF $PPA

Northwestern Mutual Wealth Management Co. lessened its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 48.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 74,041 shares of the company’s stock after selling 70,187 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Invesco Aerospace & Defense ETF were worth $13,079,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Binnacle Investments Inc raised its stake in Invesco Aerospace & Defense ETF by 84.2% during the 2nd quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares during the period. Bayban purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at approximately $38,000. Wealth Watch Advisors INC bought a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter valued at approximately $49,000. Ankerstar Wealth LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth $52,000. Finally, Blueline Advisors LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter worth $57,000.

Invesco Aerospace & Defense ETF Stock Down 0.9%

Shares of PPA stock opened at $163.57 on Thursday. The company’s fifty day simple moving average is $175.54 and its two-hundred day simple moving average is $173.89. Invesco Aerospace & Defense ETF has a 52 week low of $144.29 and a 52 week high of $186.30. The stock has a market cap of $7.75 billion, a P/E ratio of 30.91 and a beta of 0.74.

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.