Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Large Volume Increase

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) shares saw unusually-strong trading volume on Thursday . Approximately 203,201 shares were traded during mid-day trading, an increase of 26% from the previous session’s volume of 161,024 shares.The stock last traded at $99.22 and had previously closed at $99.78.

Invesco Aerospace & Defense ETF Trading Up 0.6 %

The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 32.35 and a beta of 0.76. The business’s 50-day simple moving average is $99.07 and its two-hundred day simple moving average is $92.04.

Institutional Trading of Invesco Aerospace & Defense ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPA. CWM LLC increased its position in Invesco Aerospace & Defense ETF by 7.7% during the 3rd quarter. CWM LLC now owns 4,887 shares of the company’s stock valued at $390,000 after purchasing an additional 351 shares during the period. Strategic Blueprint LLC increased its position in Invesco Aerospace & Defense ETF by 5.5% during the 3rd quarter. Strategic Blueprint LLC now owns 5,059 shares of the company’s stock valued at $404,000 after purchasing an additional 265 shares during the period. SFG Wealth Management LLC. acquired a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter valued at approximately $378,000. Schmidt P J Investment Management Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 9.2% during the 3rd quarter. Schmidt P J Investment Management Inc. now owns 5,479 shares of the company’s stock worth $446,000 after buying an additional 462 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in shares of Invesco Aerospace & Defense ETF by 0.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 245,577 shares of the company’s stock worth $19,597,000 after buying an additional 1,090 shares during the period.

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.