Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Reaches New 12-Month High at $106.31

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) shares reached a new 52-week high on Tuesday . The stock traded as high as $106.31 and last traded at $106.18, with a volume of 33751 shares. The stock had previously closed at $104.90.

Invesco Aerospace & Defense ETF Stock Up 2.1 %

The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. The business’s 50 day simple moving average is $103.99 and its 200-day simple moving average is $99.07.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of PPA. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management bought a new stake in shares of Invesco Aerospace & Defense ETF during the fourth quarter worth $34,256,000. International Assets Investment Management LLC grew its position in Invesco Aerospace & Defense ETF by 9,361.6% during the 4th quarter. International Assets Investment Management LLC now owns 244,582 shares of the company’s stock worth $22,541,000 after acquiring an additional 241,997 shares during the last quarter. Cetera Investment Advisers increased its holdings in Invesco Aerospace & Defense ETF by 1,146.0% in the 1st quarter. Cetera Investment Advisers now owns 225,518 shares of the company’s stock worth $22,906,000 after purchasing an additional 207,419 shares in the last quarter. Greenlight Capital Inc. bought a new position in Invesco Aerospace & Defense ETF in the fourth quarter valued at about $17,098,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of Invesco Aerospace & Defense ETF by 243.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 208,311 shares of the company’s stock valued at $19,198,000 after purchasing an additional 147,710 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.