Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Unusually-High Trading Volume – Should You Buy?

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw unusually-high trading volume on Monday. 414,860 shares traded hands during mid-day trading, an increase of 63% from the previous session’s volume of 254,477 shares. The stock last traded at $156.8030 and had previously closed at $159.32.

Invesco Aerospace & Defense ETF Trading Down 1.6%

The firm’s fifty day moving average price is $170.98 and its two-hundred day moving average price is $171.63. The stock has a market capitalization of $7.47 billion, a PE ratio of 30.91 and a beta of 0.74.

Institutional Trading of Invesco Aerospace & Defense ETF

Several institutional investors have recently bought and sold shares of PPA. Kovack Advisors Inc. boosted its holdings in Invesco Aerospace & Defense ETF by 964.9% during the 4th quarter. Kovack Advisors Inc. now owns 43,084 shares of the company’s stock valued at $6,748,000 after acquiring an additional 39,038 shares during the period. Green Ridge Wealth Planning LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at approximately $4,556,000. Citizens Financial Group Inc. RI purchased a new position in shares of Invesco Aerospace & Defense ETF in the first quarter valued at approximately $601,000. IHT Wealth Management LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 16.9% in the fourth quarter. IHT Wealth Management LLC now owns 82,325 shares of the company’s stock valued at $12,895,000 after purchasing an additional 11,931 shares in the last quarter. Finally, Florida Financial Advisors LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 72.8% in the first quarter. Florida Financial Advisors LLC now owns 7,094 shares of the company’s stock valued at $1,176,000 after purchasing an additional 2,988 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.