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

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) saw unusually-high trading volume on Tuesday . Approximately 519,531 shares traded hands during mid-day 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 Stock Performance

The business has a fifty day moving average price of $117.92 and a 200 day moving average price of $115.93. The company has a market capitalization of $3.68 billion, a PE ratio of 33.87 and a beta of 0.73.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Several hedge funds have recently modified their holdings of PPA. Park Avenue Securities LLC purchased a new stake in Invesco Aerospace & Defense ETF during the 4th quarter worth approximately $935,000. FMR LLC increased its holdings in Invesco Aerospace & Defense ETF by 26.6% during the 3rd quarter. FMR LLC now owns 7,061 shares of the company’s stock worth $812,000 after purchasing an additional 1,482 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Invesco Aerospace & Defense ETF by 87.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock worth $1,865,000 after purchasing an additional 7,555 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Invesco Aerospace & Defense ETF by 7.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 91,667 shares of the company’s stock worth $10,517,000 after purchasing an additional 6,648 shares during the last quarter. Finally, Zacks Investment Management increased its holdings in Invesco Aerospace & Defense ETF by 5.1% during the 3rd quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock worth $302,000 after purchasing an additional 127 shares during 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.