Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Reaches New 1-Year High at $102.42

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $102.42 and last traded at $102.22, with a volume of 23945 shares traded. The stock had previously closed at $101.98.

Invesco Aerospace & Defense ETF Stock Down 0.1 %

The company has a market cap of $3.06 billion, a price-to-earnings ratio of 32.60 and a beta of 0.74. The firm has a 50-day simple moving average of $99.44 and a 200 day simple moving average of $92.49.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Simplex Trading LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 52.7% in the third quarter. Simplex Trading LLC now owns 403 shares of the company’s stock valued at $32,000 after purchasing an additional 139 shares during the period. GAMMA Investing LLC acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $39,000. Creekmur Asset Management LLC acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $44,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $55,000. Finally, Tyler Stone Wealth Management grew its holdings in Invesco Aerospace & Defense ETF by 18.4% during the third quarter. Tyler Stone Wealth Management now owns 779 shares of the company’s stock worth $62,000 after acquiring an additional 121 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.