Merit Financial Group LLC Cuts Holdings in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Merit Financial Group LLC trimmed its holdings in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 53.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,858 shares of the company’s stock after selling 5,618 shares during the quarter. Merit Financial Group LLC’s holdings in Invesco Aerospace & Defense ETF were worth $448,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in Invesco Aerospace & Defense ETF by 1.2% in the third quarter. Raymond James & Associates now owns 66,250 shares of the company’s stock valued at $5,287,000 after acquiring an additional 787 shares in the last quarter. SYM FINANCIAL Corp acquired a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at approximately $138,000. Financial Advocates Investment Management boosted its stake in Invesco Aerospace & Defense ETF by 1.7% in the third quarter. Financial Advocates Investment Management now owns 14,014 shares of the company’s stock valued at $1,118,000 after acquiring an additional 235 shares in the last quarter. Assetmark Inc. acquired a new stake in Invesco Aerospace & Defense ETF in the third quarter valued at approximately $228,000. Finally, Summit Trail Advisors LLC boosted its stake in Invesco Aerospace & Defense ETF by 0.8% in the third quarter. Summit Trail Advisors LLC now owns 595,134 shares of the company’s stock valued at $47,492,000 after acquiring an additional 4,952 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Down 0.3 %

NYSEARCA:PPA opened at $103.88 on Wednesday. Invesco Aerospace & Defense ETF has a 12 month low of $77.17 and a 12 month high of $104.20. The firm has a fifty day simple moving average of $99.98 and a 200-day simple moving average of $93.17. The company has a market capitalization of $3.15 billion, a P/E ratio of 32.60 and a beta of 0.74.

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.