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

Summit Trail Advisors LLC lessened its holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 9.7% during the third quarter, HoldingsChannel.com reports. The firm owned 532,577 shares of the company’s stock after selling 57,408 shares during the period. Invesco Aerospace & Defense ETF accounts for 1.5% of Summit Trail Advisors LLC’s portfolio, making the stock its 10th biggest position. Summit Trail Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $61,230,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Great Valley Advisor Group Inc. lifted its position in Invesco Aerospace & Defense ETF by 68.4% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 32,754 shares of the company’s stock worth $3,365,000 after buying an additional 13,308 shares in the last quarter. Diversify Advisory Services LLC bought a new position in Invesco Aerospace & Defense ETF in the second quarter valued at approximately $230,000. PFG Investments LLC grew its stake in Invesco Aerospace & Defense ETF by 23.1% in the second quarter. PFG Investments LLC now owns 7,882 shares of the company’s stock valued at $810,000 after purchasing an additional 1,480 shares in the last quarter. Raymond James & Associates increased its position in shares of Invesco Aerospace & Defense ETF by 13.5% during the 2nd quarter. Raymond James & Associates now owns 242,258 shares of the company’s stock worth $24,885,000 after purchasing an additional 28,902 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 8.7% during the 2nd quarter. CWM LLC now owns 7,735 shares of the company’s stock worth $795,000 after purchasing an additional 618 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.2 %

NYSEARCA PPA opened at $121.04 on Friday. The company has a market cap of $3.77 billion, a PE 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 stock has a 50 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.