Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Strong Trading Volume – Here’s What Happened

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw unusually-strong trading volume on Tuesday . Approximately 519,531 shares were traded during trading, an increase of 92% from the previous session’s volume of 270,466 shares.The stock last traded at $117.83 and had previously closed at $116.98.

Invesco Aerospace & Defense ETF Trading Down 0.9 %

The business has a 50 day moving average of $117.89 and a 200-day moving average of $116.04. The stock has a market cap of $3.63 billion, a PE ratio of 33.87 and a beta of 0.73.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Runnymede Capital Advisors Inc. purchased a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $25,000. Howe & Rusling Inc. purchased a new position in Invesco Aerospace & Defense ETF during the third quarter worth $27,000. Glass Jacobson Investment Advisors llc increased its position in Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after buying an additional 102 shares in the last quarter. Eastern Bank purchased a new position in Invesco Aerospace & Defense ETF during the third quarter worth $46,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Invesco Aerospace & Defense ETF in the fourth quarter valued at $49,000.

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.