Bank of Montreal Can Raises Stock Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Bank of Montreal Can lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 163.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,007 shares of the company’s stock after buying an additional 5,586 shares during the period. Bank of Montreal Can’s holdings in Invesco Aerospace & Defense ETF were worth $1,033,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PPA. CIBC Private Wealth Group LLC grew its position in Invesco Aerospace & Defense ETF by 15.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock worth $74,000 after buying an additional 87 shares during the period. American Institute for Advanced Investment Management LLP boosted its stake in shares of Invesco Aerospace & Defense ETF by 0.8% during the 4th quarter. American Institute for Advanced Investment Management LLP now owns 14,541 shares of the company’s stock worth $1,668,000 after acquiring an additional 121 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Invesco Aerospace & Defense ETF by 29.9% in the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock worth $70,000 after acquiring an additional 140 shares during the period. PFG Advisors increased its stake in Invesco Aerospace & Defense ETF by 5.8% in the 4th quarter. PFG Advisors now owns 2,632 shares of the company’s stock valued at $302,000 after purchasing an additional 144 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in Invesco Aerospace & Defense ETF by 0.8% during the fourth quarter. DAVENPORT & Co LLC now owns 18,296 shares of the company’s stock worth $2,099,000 after purchasing an additional 146 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $115.80 on Friday. Invesco Aerospace & Defense ETF has a fifty-two week low of $98.10 and a fifty-two week high of $124.89. The firm has a market capitalization of $4.50 billion, a price-to-earnings ratio of 27.45 and a beta of 0.82. The stock’s fifty day moving average is $115.51 and its two-hundred day moving average is $117.29.

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.