Miracle Mile Advisors LLC Has $42.55 Million Stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Miracle Mile Advisors LLC trimmed its position in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 31.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,095 shares of the company’s stock after selling 168,706 shares during the period. Invesco Aerospace & Defense ETF accounts for approximately 0.9% of Miracle Mile Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Miracle Mile Advisors LLC’s holdings in Invesco Aerospace & Defense ETF were worth $42,552,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PPA. Strategic Financial Concepts LLC acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $560,000. Apollon Wealth Management LLC increased its holdings in Invesco Aerospace & Defense ETF by 11.2% during the fourth quarter. Apollon Wealth Management LLC now owns 27,999 shares of the company’s stock worth $3,212,000 after buying an additional 2,821 shares during the last quarter. Newbridge Financial Services Group Inc. increased its holdings in Invesco Aerospace & Defense ETF by 29.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 637 shares of the company’s stock worth $73,000 after buying an additional 146 shares during the last quarter. Pachira Investments Inc. increased its holdings in Invesco Aerospace & Defense ETF by 39.7% during the fourth quarter. Pachira Investments Inc. now owns 2,926 shares of the company’s stock worth $336,000 after buying an additional 832 shares during the last quarter. Finally, Summit Trail Advisors LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 1.1% in the fourth quarter. Summit Trail Advisors LLC now owns 538,504 shares of the company’s stock valued at $61,783,000 after purchasing an additional 5,927 shares during the last quarter.

Invesco Aerospace & Defense ETF Price Performance

NYSEARCA:PPA opened at $136.26 on Friday. Invesco Aerospace & Defense ETF has a one year low of $100.39 and a one year high of $136.69. The company has a market cap of $5.38 billion, a P/E ratio of 29.83 and a beta of 0.84. The firm’s fifty day moving average price is $123.01 and its two-hundred day moving average price is $119.59.

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.