Summit Investment Advisors Inc. Has $457,000 Stock Holdings in Invesco Aerospace & Defense ETF $PPA

Summit Investment Advisors Inc. increased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,920 shares of the company’s stock after buying an additional 380 shares during the period. Summit Investment Advisors Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $457,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in Invesco Aerospace & Defense ETF by 2.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 142,031 shares of the company’s stock worth $16,554,000 after purchasing an additional 2,984 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 63.9% in the 1st quarter. Cerity Partners LLC now owns 19,157 shares of the company’s stock valued at $2,233,000 after buying an additional 7,471 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF during the first quarter worth $27,000. Tectonic Advisors LLC bought a new position in Invesco Aerospace & Defense ETF in the first quarter valued at about $201,000. Finally, ARQ Wealth Advisors LLC increased its position in Invesco Aerospace & Defense ETF by 19.6% in the first quarter. ARQ Wealth Advisors LLC now owns 5,111 shares of the company’s stock worth $596,000 after purchasing an additional 836 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 2.4%

Shares of NYSEARCA:PPA opened at $150.50 on Friday. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $160.37. The stock has a market capitalization of $6.54 billion, a P/E ratio of 30.91 and a beta of 0.87. The business has a 50-day moving average price of $153.93 and a two-hundred day moving average price of $144.14.

Invesco Aerospace & Defense ETF Company 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.