Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Hits New 52-Week High at $108.47

Invesco Aerospace & Defense ETF (NYSEARCA:PPA)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $108.47 and last traded at $108.47, with a volume of 12834 shares traded. The stock had previously closed at $107.46.

Invesco Aerospace & Defense ETF Trading Down 1.3 %

The firm’s 50-day moving average price is $104.46 and its 200 day moving average price is $100.36. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

Hedge Funds Weigh In On Invesco Aerospace & Defense ETF

Institutional investors have recently made changes to their positions in the stock. Beacon Capital Management LLC raised its position in shares of Invesco Aerospace & Defense ETF by 31.6% during the first quarter. Beacon Capital Management LLC now owns 416 shares of the company’s stock worth $42,000 after purchasing an additional 100 shares during the period. Signaturefd LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 19.2% in the second quarter. Signaturefd LLC now owns 664 shares of the company’s stock valued at $68,000 after buying an additional 107 shares in the last quarter. New England Private Wealth Advisors LLC lifted its stake in shares of Invesco Aerospace & Defense ETF by 0.3% in the fourth quarter. New England Private Wealth Advisors LLC now owns 39,671 shares of the company’s stock valued at $3,656,000 after buying an additional 136 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Invesco Aerospace & Defense ETF by 2.0% during the first quarter. Arkadios Wealth Advisors now owns 7,269 shares of the company’s stock valued at $738,000 after buying an additional 140 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. increased its position in shares of Invesco Aerospace & Defense ETF by 4.1% during the fourth quarter. Total Clarity Wealth Management Inc. now owns 4,710 shares of the company’s stock worth $434,000 after acquiring an additional 184 shares in 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.