Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sets New 12-Month High at $66.07

Invesco Aerospace & Defense ETF (NYSEARCA:PPA)’s share price hit a new 52-week high on Friday . The company traded as high as $66.07 and last traded at $66.07, with a volume of 734 shares changing hands. The stock had previously closed at $65.67.

The business has a 50-day moving average price of $63.72.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Carroll Financial Associates Inc. bought a new stake in Invesco Aerospace & Defense ETF in the first quarter worth about $99,000. Mercer Global Advisors Inc. ADV bought a new stake in Invesco Aerospace & Defense ETF in the first quarter worth about $309,000. Certified Advisory Corp lifted its stake in Invesco Aerospace & Defense ETF by 14.9% in the first quarter. Certified Advisory Corp now owns 2,885 shares of the company’s stock worth $167,000 after purchasing an additional 374 shares during the last quarter. Strategic Advisors LLC bought a new stake in Invesco Aerospace & Defense ETF in the first quarter worth about $205,000. Finally, CWM LLC lifted its stake in Invesco Aerospace & Defense ETF by 83.4% in the first quarter. CWM LLC now owns 3,975 shares of the company’s stock worth $230,000 after purchasing an additional 1,808 shares during the last quarter.

About Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

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.

Read More: What is the Gross Domestic Product (GDP)?

Receive News & Ratings for Invesco Aerospace & Defense ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco Aerospace & Defense ETF and related companies with MarketBeat.com's FREE daily email newsletter.