Summit Financial LLC Buys Shares of 1,836 Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Summit Financial LLC purchased a new stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the 4th quarter, Holdings Channel reports. The firm purchased 1,836 shares of the company’s stock, valued at approximately $211,000.

Other hedge funds have also modified their holdings of the company. Runnymede Capital Advisors Inc. purchased a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at approximately $25,000. Glass Jacobson Investment Advisors llc lifted its position in shares of Invesco Aerospace & Defense ETF by 50.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after acquiring an additional 102 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Invesco Aerospace & Defense ETF by 47.6% during the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after acquiring an additional 150 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Invesco Aerospace & Defense ETF by 41.7% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock worth $67,000 after purchasing an additional 172 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Invesco Aerospace & Defense ETF by 29.9% in the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after purchasing an additional 140 shares during the last quarter.

Invesco Aerospace & Defense ETF Trading Down 7.4 %

NYSEARCA:PPA opened at $105.20 on Friday. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 28.07 and a beta of 0.95. Invesco Aerospace & Defense ETF has a 12-month low of $97.64 and a 12-month high of $124.89. The company’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 announced a dividend, which was paid on Friday, March 28th. Investors of record on Monday, March 24th were given a dividend of $0.0489 per share. The ex-dividend date was Monday, March 24th.

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.