Brown Advisory Inc. Invests $379,000 in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Brown Advisory Inc. bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,253 shares of the company’s stock, valued at approximately $379,000.

A number of other large investors have also recently bought and sold shares of PPA. LPL Financial LLC boosted its position in Invesco Aerospace & Defense ETF by 3.0% in the 4th quarter. LPL Financial LLC now owns 1,434,638 shares of the company’s stock worth $164,596,000 after purchasing an additional 41,666 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Invesco Aerospace & Defense ETF by 3.9% during the 4th quarter. Wells Fargo & Company MN now owns 604,259 shares of the company’s stock valued at $69,327,000 after purchasing an additional 22,441 shares in the last quarter. Aurora Private Wealth Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 11,555.0% in the 1st quarter. Aurora Private Wealth Inc. now owns 273,543 shares of the company’s stock valued at $31,881,000 after purchasing an additional 271,196 shares during the period. Ameriprise Financial Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 24.6% during the fourth quarter. Ameriprise Financial Inc. now owns 272,594 shares of the company’s stock worth $31,276,000 after buying an additional 53,759 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in Invesco Aerospace & Defense ETF by 18.3% during the fourth quarter. National Bank of Canada FI now owns 268,678 shares of the company’s stock worth $30,825,000 after buying an additional 41,556 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Down 0.5%

Shares of NYSEARCA PPA opened at $144.46 on Wednesday. The firm has a market cap of $5.92 billion, a price-to-earnings ratio of 30.91 and a beta of 0.98. The company’s 50-day simple moving average is $135.35 and its 200-day simple moving average is $123.43. Invesco Aerospace & Defense ETF has a 52-week low of $100.39 and a 52-week high of $145.59.

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.