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Invesco Aerospace & Defense ETF
PPA

240 hedge funds and large institutions have $965M invested in Invesco Aerospace & Defense ETF in 2023 Q3 according to their latest regulatory filings, with 30 funds opening new positions, 87 increasing their positions, 70 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 19

24% more repeat investments, than reductions

Existing positions increased: 87 | Existing positions reduced: 70

3% more funds holding

Funds holding: 233 → 240 (+7)

0.67% more ownership

Funds ownership: 49.42% → 50.09% (+0.67%)

1% less capital invested

Capital invested by funds: $975M → $965M (-$9.68M)

8% less call options, than puts

Call options by funds: $331M | Put options by funds: $358M

20% less funds holding in top 10

Funds holding in top 10: 5 → 4 (-1)

Holders
240
Holders Change
+7
Holders Change %
+3%
% of All Funds
3.81%
Holding in Top 10
4
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-20%
% of All Funds
0.06%
New
30
Increased
87
Reduced
70
Closed
19
Calls
$331M
Puts
$358M
Net Calls
-$27M
Net Calls Change
-$111M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$40M
2
CAAS
Capital Asset Advisory Services
Michigan
+$14.5M
3
AWM
Axxcess Wealth Management
California
+$13.2M
4
VWM
Valley Wealth Managers
New Jersey
+$6.2M
5
LPL Financial
LPL Financial
California
+$6.05M

Top Sellers

1
AWM
Activest Wealth Management
Florida
-$32.2M
2
Osaic Holdings
Osaic Holdings
Arizona
-$8.7M
3
MIH
Meitav Investment House
Israel
-$2.82M
4
Wells Fargo
Wells Fargo
California
-$2.79M
5
NFG
Norris Financial Group
South Carolina
-$1.38M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of America
1
Bank of America
North Carolina
$162M +$40M +479,203 +31%
Morgan Stanley
2
Morgan Stanley
New York
$117M +$4.16M +49,764 +4%
LPL Financial
3
LPL Financial
California
$81.5M +$6.05M +72,377 +8%
STA
4
Summit Trail Advisors
New York
$47.5M +$414K +4,952 +0.8%
MMA
5
Miracle Mile Advisors
California
$39.8M -$428K -5,116 -1%
MCM
6
MAI Capital Management
Ohio
$34M +$689K +8,241 +2%
Wells Fargo
7
Wells Fargo
California
$28.3M -$2.79M -33,390 -9%
HighTower Advisors
8
HighTower Advisors
Illinois
$27.7M +$921K +11,017 +3%
MIH
9
Meitav Investment House
Israel
$25M -$2.82M -33,740 -10%
Commonwealth Equity Services
10
Commonwealth Equity Services
Massachusetts
$19.6M +$91.1K +1,090 +0.4%
AWM
11
Axxcess Wealth Management
California
$18.3M +$13.2M +157,931 +219%
Corient Private Wealth
12
Corient Private Wealth
Florida
$18.1M -$135K -1,616 -0.7%
UBS Group
13
UBS Group
Switzerland
$16.7M -$536K -6,419 -3%
Envestnet Asset Management
14
Envestnet Asset Management
Illinois
$16.1M +$439K +5,257 +3%
Osaic Holdings
15
Osaic Holdings
Arizona
$15M -$8.7M -104,048 -36%
CAAS
16
Capital Asset Advisory Services
Michigan
$14.5M +$14.5M +173,554 New
Royal Bank of Canada
17
Royal Bank of Canada
Ontario, Canada
$13.7M -$92.8K -1,110 -0.6%
KHLMVGHM
18
Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet
Israel
$13.4M – – –
SFS
19
Searcy Financial Services
Kansas
$10.8M +$32.4K +388 +0.3%
Ameriprise
20
Ameriprise
Minnesota
$10.7M +$554K +6,624 +5%
Truist Financial
21
Truist Financial
North Carolina
$10.3M -$409K -4,896 -4%
Cambridge Investment Research Advisors
22
Cambridge Investment Research Advisors
Iowa
$10.3M -$73.3K -877 -0.7%
National Bank of Canada
23
National Bank of Canada
Quebec, Canada
$7.84M -$150K -1,795 -2%
CW
24
Connectus Wealth
Ohio
$7.56M -$508K -6,076 -6%
CAN
25
Cetera Advisor Networks
California
$6.87M +$2.43M +29,123 +51%
1
2 3 4 5

PPA Hedge Fund Activity: Q3 2023 in Review

240 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q3 2023, worth a combined $965M — down 0.99% from $975M a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new PPA positions and 19 closed out — a net gain of 11 holders — while 87 added to existing stakes and 70 trimmed.

The largest buyer was Bank of America, adding an estimated $40M. The largest seller was Activest Wealth Management, exiting entirely with an estimated $32.2M sold.

  • 240 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q3 2023, up from 233 in Q2 2023.
  • Funds reported $965M of Invesco Aerospace & Defense ETF stock for Q3 2023, down 0.99% quarter-over-quarter.
  • 30 funds opened new Invesco Aerospace & Defense ETF positions in Q3 2023 and 19 closed out, a net change of +11 holders.
  • The largest Invesco Aerospace & Defense ETF buyer in Q3 2023 was Bank of America, an estimated $40M added.
  • The largest Invesco Aerospace & Defense ETF seller in Q3 2023 was Activest Wealth Management, an estimated $32.2M sold.

Based on aggregated 13F filings for Q3 2023.