Summit Financial LLC Takes Position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Summit Financial LLC purchased a new position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,836 shares of the company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Runnymede Capital Advisors Inc. acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $25,000. Glass Jacobson Investment Advisors llc grew its stake in shares of Invesco Aerospace & Defense ETF by 50.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after purchasing an additional 102 shares during the period. Continuum Advisory LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 47.6% in the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Invesco Aerospace & Defense ETF by 41.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after purchasing an additional 172 shares during the period. Finally, Assetmark Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 29.9% during the fourth quarter. Assetmark Inc. now owns 608 shares of the company’s stock worth $70,000 after buying an additional 140 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 7.4 %

Shares of PPA opened at $105.20 on Friday. Invesco Aerospace & Defense ETF has a twelve month low of $97.64 and a twelve month high of $124.89. The firm has a market capitalization of $4.12 billion, a P/E ratio of 28.07 and a beta of 0.95. The firm’s 50-day moving average is $117.20 and its two-hundred day moving average is $117.38.

Invesco Aerospace & Defense ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were paid a $0.0489 dividend. The ex-dividend date was Monday, March 24th.

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.