Valmark Advisers Inc. Sells 225 Shares of Invesco Aerospace & Defense ETF $PPA

Valmark Advisers Inc. lowered its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 5.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,721 shares of the company’s stock after selling 225 shares during the period. Valmark Advisers Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $527,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Milestone Investment Advisors LLC bought a new stake in shares of Invesco Aerospace & Defense ETF in the 1st quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the 1st quarter valued at $27,000. Banque Transatlantique SA acquired a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth $32,000. Sound Income Strategies LLC acquired a new position in Invesco Aerospace & Defense ETF in the 1st quarter worth $47,000. Finally, Fifth Third Bancorp boosted its stake in Invesco Aerospace & Defense ETF by 840.9% in the 1st quarter. Fifth Third Bancorp now owns 414 shares of the company’s stock worth $48,000 after purchasing an additional 370 shares during the period.

Invesco Aerospace & Defense ETF Trading Down 1.8%

Shares of NYSEARCA PPA opened at $156.71 on Friday. The firm has a market cap of $6.76 billion, a PE ratio of 30.91 and a beta of 0.98. Invesco Aerospace & Defense ETF has a 1-year low of $100.39 and a 1-year high of $159.96. The company has a fifty day moving average price of $149.73 and a 200 day moving average price of $136.93.

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.