Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sets New 52-Week High at $114.99

Invesco Aerospace & Defense ETF (NYSEARCA:PPA)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $114.99 and last traded at $114.97, with a volume of 130767 shares changing hands. The stock had previously closed at $114.39.

Invesco Aerospace & Defense ETF Stock Performance

The firm’s fifty day moving average price is $110.26 and its 200 day moving average price is $105.37. The firm has a market cap of $3.61 billion, a P/E ratio of 33.87 and a beta of 0.73.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PPA. Sanctuary Advisors LLC purchased a new position in Invesco Aerospace & Defense ETF in the second quarter valued at about $1,141,000. New Century Financial Group LLC purchased a new position in shares of Invesco Aerospace & Defense ETF in the 2nd quarter worth approximately $1,016,000. Cetera Investment Advisers raised its stake in shares of Invesco Aerospace & Defense ETF by 8.2% during the 2nd quarter. Cetera Investment Advisers now owns 244,062 shares of the company’s stock worth $25,070,000 after acquiring an additional 18,544 shares in the last quarter. Truist Financial Corp lifted its position in Invesco Aerospace & Defense ETF by 9.0% during the second quarter. Truist Financial Corp now owns 112,797 shares of the company’s stock valued at $11,587,000 after acquiring an additional 9,356 shares during the last quarter. Finally, Gateway Wealth Partners LLC boosted its stake in Invesco Aerospace & Defense ETF by 9.1% in the second quarter. Gateway Wealth Partners LLC now owns 3,070 shares of the company’s stock valued at $315,000 after acquiring an additional 256 shares in the last quarter.

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.