Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sets New 1-Year High – What’s Next?

Invesco Aerospace & Defense ETF (NYSEARCA:PPA)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $129.64 and last traded at $129.26, with a volume of 19462 shares changing hands. The stock had previously closed at $128.26.

Invesco Aerospace & Defense ETF Price Performance

The company has a market cap of $5.12 billion, a P/E ratio of 29.16 and a beta of 0.84. The stock has a fifty day moving average price of $118.49 and a two-hundred day moving average price of $118.14.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of Invesco Aerospace & Defense ETF by 87.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,218 shares of the company’s stock valued at $1,865,000 after purchasing an additional 7,555 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 3.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,969 shares of the company’s stock worth $686,000 after purchasing an additional 173 shares during the last quarter. Park Avenue Securities LLC bought a new position in Invesco Aerospace & Defense ETF during the fourth quarter worth $935,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Invesco Aerospace & Defense ETF by 41.7% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 584 shares of the company’s stock valued at $67,000 after buying an additional 172 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in shares of Invesco Aerospace & Defense ETF by 3.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,444 shares of the company’s stock worth $1,313,000 after acquiring an additional 354 shares during the period.

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.