Northbridge Financial Group LLC Makes New Investment in Invesco Aerospace & Defense ETF $PPA

Northbridge Financial Group LLC purchased a new position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,800 shares of the company’s stock, valued at approximately $1,692,000. Invesco Aerospace & Defense ETF comprises approximately 0.8% of Northbridge Financial Group LLC’s investment portfolio, making the stock its 29th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of PPA. Goldman Sachs Group Inc. grew its holdings in Invesco Aerospace & Defense ETF by 208.6% in the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after purchasing an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Invesco Aerospace & Defense ETF by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after purchasing an additional 4,915 shares during the last quarter. Walleye Capital LLC purchased a new position in Invesco Aerospace & Defense ETF in the second quarter worth $318,000. Cerity Partners LLC grew its holdings in Invesco Aerospace & Defense ETF by 24.6% in the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its holdings in Invesco Aerospace & Defense ETF by 19.9% in the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after purchasing an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.9%

NYSEARCA PPA opened at $165.05 on Wednesday. The firm’s fifty day simple moving average is $170.71 and its two-hundred day simple moving average is $166.83. Invesco Aerospace & Defense ETF has a 12-month low of $128.11 and a 12-month high of $186.30. The firm has a market capitalization of $7.89 billion, a P/E ratio of 30.91 and a beta of 0.72.

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. 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.