Baird Financial Group Inc. increased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) by 10.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,363 shares of the company’s stock after purchasing an additional 3,322 shares during the quarter. Baird Financial Group Inc. owned 0.12% of Invesco Aerospace & Defense ETF worth $4,172,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at about $63,049,000. Intellus Advisors LLC purchased a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $7,583,000. Adapt Wealth Advisors LLC purchased a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $7,190,000. Prasad Wealth Partners LLC acquired a new stake in Invesco Aerospace & Defense ETF during the 4th quarter valued at $6,828,000. Finally, Permanent Capital Management LP purchased a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $6,669,000.
Invesco Aerospace & Defense ETF Stock Down 0.0 %
Shares of NYSEARCA:PPA opened at $126.56 on Friday. The company has a market capitalization of $4.93 billion, a P/E ratio of 29.16 and a beta of 0.84. The stock’s fifty day simple moving average is $117.05 and its 200-day simple moving average is $117.69. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $127.67.
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.
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