Invesco Aerospace & Defense ETF $PPA Shares Purchased by Bank of America Corp DE

Bank of America Corp DE raised its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,668,214 shares of the company’s stock after purchasing an additional 173,290 shares during the quarter. Bank of America Corp DE owned about 17.64% of Invesco Aerospace & Defense ETF worth $1,192,024,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. BOK Financial Private Wealth Inc. lifted its holdings in shares of Invesco Aerospace & Defense ETF by 84.2% in the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after buying an additional 80 shares during the period. Evolution Wealth Management Inc. bought a new position in Invesco Aerospace & Defense ETF during the second quarter valued at about $26,000. Binnacle Investments Inc grew its holdings in Invesco Aerospace & Defense ETF by 84.2% during the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock worth $30,000 after acquiring an additional 96 shares during the period. Avalon Trust Co bought a new stake in Invesco Aerospace & Defense ETF in the third quarter worth about $47,000. Finally, Wealth Watch Advisors INC bought a new stake in Invesco Aerospace & Defense ETF in the third quarter worth about $49,000.

Invesco Aerospace & Defense ETF Trading Up 1.2%

Shares of NYSEARCA PPA opened at $175.32 on Tuesday. Invesco Aerospace & Defense ETF has a twelve month low of $100.39 and a twelve month high of $186.30. The firm has a 50-day moving average of $176.74 and a two-hundred day moving average of $161.59. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87.

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.