Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Hits New 1-Year High – Here’s What Happened

Invesco Aerospace & Defense ETF (NYSEARCA:PPA)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $181.78 and last traded at $180.49, with a volume of 113933 shares traded. The stock had previously closed at $178.67.

Invesco Aerospace & Defense ETF Trading Up 0.7%

The firm’s fifty day moving average price is $168.67 and its 200 day moving average price is $157.38. The firm has a market capitalization of $8.06 billion, a PE ratio of 30.91 and a beta of 0.87.

Institutional Trading of Invesco Aerospace & Defense ETF

Several large investors have recently added to or reduced their stakes in PPA. Tempus Wealth Planning LLC raised its position in Invesco Aerospace & Defense ETF by 348.6% in the third quarter. Tempus Wealth Planning LLC now owns 16,395 shares of the company’s stock worth $2,549,000 after purchasing an additional 12,740 shares in the last quarter. Adapt Wealth Advisors LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 3.2% in the 2nd quarter. Adapt Wealth Advisors LLC now owns 74,131 shares of the company’s stock worth $10,504,000 after acquiring an additional 2,303 shares in the last quarter. Detalus Advisors LLC acquired a new position in shares of Invesco Aerospace & Defense ETF in the 3rd quarter worth approximately $4,441,000. Advisors Capital Management LLC bought a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter worth $355,000. Finally, CWM LLC increased its stake in shares of Invesco Aerospace & Defense ETF by 67.7% in the third quarter. CWM LLC now owns 30,709 shares of the company’s stock valued at $4,774,000 after buying an additional 12,394 shares in the last quarter.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.