Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 3,243,209 shares were traded during trading, an increase of 1,862% from the previous session’s volume of 165,315 shares.The stock last traded at $109.77 and had previously closed at $110.04.
Invesco Aerospace & Defense ETF Stock Down 0.4 %
The stock has a 50 day moving average of $107.58 and a 200 day moving average of $103.72. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.
Institutional Investors Weigh In On Invesco Aerospace & Defense ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. M&T Bank Corp raised its holdings in shares of Invesco Aerospace & Defense ETF by 6.3% during the fourth quarter. M&T Bank Corp now owns 5,846 shares of the company’s stock worth $539,000 after acquiring an additional 346 shares in the last quarter. Spire Wealth Management lifted its stake in Invesco Aerospace & Defense ETF by 41.2% during the fourth quarter. Spire Wealth Management now owns 1,214 shares of the company’s stock worth $110,000 after purchasing an additional 354 shares during the period. NBC Securities Inc. grew its position in Invesco Aerospace & Defense ETF by 43.1% in the fourth quarter. NBC Securities Inc. now owns 2,327 shares of the company’s stock valued at $214,000 after acquiring an additional 701 shares during the period. McKinley Carter Wealth Services Inc. bought a new position in Invesco Aerospace & Defense ETF during the 4th quarter valued at about $280,000. Finally, Wambolt & Associates LLC boosted its holdings in shares of Invesco Aerospace & Defense ETF by 47.6% in the 4th quarter. Wambolt & Associates LLC now owns 11,885 shares of the company’s stock worth $1,095,000 after acquiring an additional 3,833 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.
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