Northbridge Financial Group LLC Takes Position in Invesco Aerospace & Defense ETF $PPA

Northbridge Financial Group LLC purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,800 shares of the company’s stock, valued at approximately $1,692,000. Invesco Aerospace & Defense ETF comprises about 0.8% of Northbridge Financial Group LLC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its stake in Invesco Aerospace & Defense ETF by 208.6% in the first quarter. Goldman Sachs Group Inc. now owns 30,874 shares of the company’s stock worth $3,598,000 after purchasing an additional 20,869 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Invesco Aerospace & Defense ETF by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 38,989 shares of the company’s stock worth $5,524,000 after purchasing an additional 4,915 shares during the last quarter. Walleye Capital LLC bought a new stake in Invesco Aerospace & Defense ETF in the second quarter worth about $318,000. Cerity Partners LLC lifted its stake in Invesco Aerospace & Defense ETF by 24.6% in the second quarter. Cerity Partners LLC now owns 23,863 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,706 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Invesco Aerospace & Defense ETF by 19.9% in the second quarter. Qube Research & Technologies Ltd now owns 19,844 shares of the company’s stock worth $2,812,000 after purchasing an additional 3,294 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

Shares of NYSEARCA PPA opened at $165.05 on Wednesday. The company has a market cap of $7.89 billion, a P/E ratio of 30.91 and a beta of 0.72. Invesco Aerospace & Defense ETF has a 1 year low of $128.11 and a 1 year high of $186.30. The firm has a 50-day simple moving average of $170.71 and a two-hundred day simple moving average of $166.83.

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.