Summit Trail Advisors LLC Has $61.23 Million Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Summit Trail Advisors LLC trimmed its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,577 shares of the company’s stock after selling 57,408 shares during the quarter. Invesco Aerospace & Defense ETF accounts for 1.5% of Summit Trail Advisors LLC’s portfolio, making the stock its 10th largest position. Summit Trail Advisors LLC owned approximately 1.71% of Invesco Aerospace & Defense ETF worth $61,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in Invesco Aerospace & Defense ETF by 10,225.1% during the third quarter. International Assets Investment Management LLC now owns 278,674 shares of the company’s stock worth $32,039,000 after acquiring an additional 275,975 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Invesco Aerospace & Defense ETF by 1,146.0% in the 1st quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock valued at $22,906,000 after purchasing an additional 207,419 shares during the period. LPL Financial LLC raised its holdings in Invesco Aerospace & Defense ETF by 15.6% during the 2nd quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after buying an additional 184,961 shares during the period. Janney Montgomery Scott LLC bought a new position in Invesco Aerospace & Defense ETF in the third quarter valued at approximately $9,775,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $9,263,000.

Invesco Aerospace & Defense ETF Stock Up 1.2 %

Shares of PPA stock opened at $121.04 on Friday. The company has a market capitalization of $3.77 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 12-month low of $86.53 and a 12-month high of $124.89. The firm has a fifty day moving average of $116.95 and a 200-day moving average of $109.95.

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.