Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sets New 1-Year High – Time to Buy?

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

Invesco Aerospace & Defense ETF Trading Down 0.3%

The firm has a market cap of $8.09 billion, a price-to-earnings ratio of 30.91 and a beta of 0.87. The stock’s 50 day moving average is $169.74 and its 200 day moving average is $157.78.

Institutional Trading of Invesco Aerospace & Defense ETF

Institutional investors have recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. increased its position in Invesco Aerospace & Defense ETF by 84.2% during the 3rd quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock worth $27,000 after buying an additional 80 shares during the period. eCIO Inc. acquired a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at about $28,000. Evolution Wealth Management Inc. bought a new position in Invesco Aerospace & Defense ETF during the second quarter worth about $26,000. EPG Wealth Management LLC acquired a new stake in Invesco Aerospace & Defense ETF in the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd raised its stake in Invesco Aerospace & Defense ETF by 720.0% in the 4th quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock worth $32,000 after purchasing an additional 180 shares in the last quarter.

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. 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.