Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Unusually-High Trading Volume – Here’s Why

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw an uptick in trading volume on Monday. Approximately 414,860 shares traded hands during 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 Stock Performance

The stock has a 50 day moving average of $170.98 and a 200-day moving average of $171.63. The company has a market cap of $7.47 billion, a PE ratio of 30.91 and a beta of 0.74.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Large investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in Invesco Aerospace & Defense ETF by 90.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 187,448 shares of the company’s stock valued at $29,360,000 after purchasing an additional 88,962 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Invesco Aerospace & Defense ETF by 136.8% in the 1st quarter. Kestra Advisory Services LLC now owns 153,727 shares of the company’s stock valued at $25,473,000 after buying an additional 88,795 shares during the period. Acorn Financial Advisory Services Inc. ADV purchased a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter worth about $13,227,000. Assetmark Inc. grew its holdings in Invesco Aerospace & Defense ETF by 8,939.8% during the first quarter. Assetmark Inc. now owns 68,974 shares of the company’s stock worth $11,429,000 after acquiring an additional 68,211 shares during the period. Finally, LPL Financial LLC raised its position in Invesco Aerospace & Defense ETF by 3.6% during the fourth quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after acquiring an additional 60,321 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.