Grassi Investment Management Invests $1.55 Million in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Grassi Investment Management bought a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,893 shares of the company’s stock, valued at approximately $1,545,000. Grassi Investment Management owned 0.23% of Invesco Aerospace & Defense ETF as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Morgan Stanley boosted its holdings in shares of Invesco Aerospace & Defense ETF by 2.2% during the 1st quarter. Morgan Stanley now owns 488,320 shares of the company’s stock valued at $24,353,000 after acquiring an additional 10,295 shares in the last quarter. UBS Group AG grew its stake in shares of Invesco Aerospace & Defense ETF by 10.2% during the 4th quarter. UBS Group AG now owns 196,633 shares of the company’s stock worth $13,444,000 after acquiring an additional 18,120 shares during the period. Stifel Financial Corp increased its stake in shares of Invesco Aerospace & Defense ETF by 1.3% in the fourth quarter. Stifel Financial Corp now owns 93,835 shares of the company’s stock worth $6,420,000 after purchasing an additional 1,242 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Invesco Aerospace & Defense ETF in the 1st quarter valued at approximately $4,584,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Invesco Aerospace & Defense ETF by 159.4% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 89,505 shares of the company’s stock valued at $6,121,000 after purchasing an additional 55,005 shares during the period.

Shares of PPA stock opened at $53.63 on Wednesday. Invesco Aerospace & Defense ETF has a 52-week low of $39.60 and a 52-week high of $73.99. The business’s fifty day moving average is $56.86 and its 200 day moving average is $59.84.

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.

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Institutional Ownership by Quarter for Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

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