Quadrature Capital Ltd Takes Position in Invesco Aerospace & Defense ETF $PPA

Quadrature Capital Ltd acquired a new stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 98,137 shares of the company’s stock, valued at approximately $15,257,000.

Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Invesco Aerospace & Defense ETF by 533.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 190,000 shares of the company’s stock worth $29,536,000 after acquiring an additional 160,000 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Invesco Aerospace & Defense ETF by 66.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 246,697 shares of the company’s stock valued at $38,349,000 after acquiring an additional 98,597 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth $13,976,000. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF during the 3rd quarter worth $12,939,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter worth $10,202,000.

Invesco Aerospace & Defense ETF Stock Down 2.2%

Shares of NYSEARCA:PPA opened at $174.08 on Friday. The company has a market cap of $7.80 billion, a P/E ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a 52 week low of $100.39 and a 52 week high of $186.30. The business has a fifty day simple moving average of $176.29 and a 200-day simple moving average of $161.05.

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. 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.