Green Ridge Wealth Planning LLC Reduces Stock Position in Invesco Aerospace & Defense ETF $PPA

Green Ridge Wealth Planning LLC decreased its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 21.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,817 shares of the company’s stock after selling 6,369 shares during the quarter. Invesco Aerospace & Defense ETF accounts for about 1.7% of Green Ridge Wealth Planning LLC’s holdings, making the stock its 17th biggest position. Green Ridge Wealth Planning LLC’s holdings in Invesco Aerospace & Defense ETF were worth $4,031,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Aerospace & Defense ETF by 2,760.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after purchasing an additional 2,718,777 shares in the last quarter. Morgan Stanley boosted its position in Invesco Aerospace & Defense ETF by 1.3% during the fourth quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock worth $335,691,000 after purchasing an additional 27,624 shares in the last quarter. LPL Financial LLC grew its holdings in Invesco Aerospace & Defense ETF by 3.6% in the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after purchasing an additional 60,321 shares during the last quarter. UBS Group AG grew its holdings in Invesco Aerospace & Defense ETF by 5.9% in the third quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after purchasing an additional 46,319 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Invesco Aerospace & Defense ETF by 6.1% in the fourth quarter. Wells Fargo & Company MN now owns 651,525 shares of the company’s stock valued at $102,048,000 after buying an additional 37,509 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.0%

NYSEARCA:PPA opened at $183.78 on Friday. Invesco Aerospace & Defense ETF has a 52-week low of $143.44 and a 52-week high of $186.30. The stock has a fifty day simple moving average of $174.56 and a 200-day simple moving average of $173.86. The company has a market capitalization of $8.70 billion, a PE ratio of 30.91 and a beta of 0.74.

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.