Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Unusually-High Trading Volume – Here’s Why

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) shares saw unusually-strong trading volume on Wednesday . Approximately 1,350,532 shares traded hands during mid-day trading, an increase of 606% from the previous session’s volume of 191,400 shares.The stock last traded at $117.57 and had previously closed at $117.10.

Invesco Aerospace & Defense ETF Price Performance

The firm has a market capitalization of $3.67 billion, a P/E ratio of 33.87 and a beta of 0.73. The firm’s 50 day moving average is $118.09 and its two-hundred day moving average is $113.46.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Hedge funds have recently added to or reduced their stakes in the business. Howard Financial Services LTD. bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth approximately $286,000. Arkadios Wealth Advisors lifted its holdings in Invesco Aerospace & Defense ETF by 15.0% during the 4th quarter. Arkadios Wealth Advisors now owns 8,436 shares of the company’s stock worth $968,000 after purchasing an additional 1,098 shares during the last quarter. LongView Wealth Management bought a new stake in Invesco Aerospace & Defense ETF in the 4th quarter valued at $329,000. Merit Financial Group LLC grew its holdings in Invesco Aerospace & Defense ETF by 21.2% in the 4th quarter. Merit Financial Group LLC now owns 13,059 shares of the company’s stock valued at $1,498,000 after buying an additional 2,285 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Invesco Aerospace & Defense ETF by 3.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,444 shares of the company’s stock valued at $1,313,000 after buying an additional 354 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.