Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sees Large Volume Increase – Still a Buy?

Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPAGet Free Report) saw unusually-high trading volume on Wednesday . Approximately 1,350,532 shares changed hands during mid-day trading, an increase of 606% from the previous session’s volume of 191,400 shares.The stock last traded at $117.57 and had previously closed at $117.10.

Invesco Aerospace & Defense ETF Trading Up 0.7 %

The business’s fifty day simple moving average is $118.02 and its 200 day simple moving average is $113.53. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PPA. Valley Brook Capital Group Inc. grew its position in shares of Invesco Aerospace & Defense ETF by 3.3% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 2,781 shares of the company’s stock worth $320,000 after buying an additional 90 shares during the period. XML Financial LLC boosted its stake in Invesco Aerospace & Defense ETF by 3.0% during the 3rd quarter. XML Financial LLC now owns 3,205 shares of the company’s stock worth $368,000 after acquiring an additional 92 shares during the last quarter. Carr Financial Group Corp grew its holdings in Invesco Aerospace & Defense ETF by 1.1% during the third quarter. Carr Financial Group Corp now owns 9,650 shares of the company’s stock valued at $1,109,000 after purchasing an additional 102 shares during the period. Glass Jacobson Investment Advisors llc grew its holdings in Invesco Aerospace & Defense ETF by 50.5% during the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares during the period. Finally, National Wealth Management Group LLC increased its stake in Invesco Aerospace & Defense ETF by 2.2% in the third quarter. National Wealth Management Group LLC now owns 5,393 shares of the company’s stock valued at $620,000 after purchasing an additional 116 shares in the last quarter.

About Invesco Aerospace & Defense ETF

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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.

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