Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Sets New 12-Month High at $72.12

Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $72.12 and last traded at $72.12, with a volume of 263 shares traded. The stock had previously closed at $71.51.

The business’s 50-day simple moving average is $69.31 and its 200 day simple moving average is $67.55.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 24th were issued a dividend of $0.1393 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.77%. This is a boost from Invesco Aerospace & Defense ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, December 23rd.

Several institutional investors and hedge funds have recently modified their holdings of PPA. JPMorgan Chase & Co. increased its holdings in Invesco Aerospace & Defense ETF by 27.0% during the second quarter. JPMorgan Chase & Co. now owns 2,128 shares of the company’s stock valued at $137,000 after buying an additional 452 shares during the last quarter. Bank of Montreal Can raised its holdings in Invesco Aerospace & Defense ETF by 154.8% in the 2nd quarter. Bank of Montreal Can now owns 637 shares of the company’s stock worth $41,000 after purchasing an additional 387 shares during the period. Captrust Financial Advisors raised its holdings in Invesco Aerospace & Defense ETF by 500.0% in the 2nd quarter. Captrust Financial Advisors now owns 1,200 shares of the company’s stock worth $78,000 after purchasing an additional 1,000 shares during the period. Private Advisor Group LLC lifted its position in Invesco Aerospace & Defense ETF by 4.3% during the second quarter. Private Advisor Group LLC now owns 18,750 shares of the company’s stock valued at $1,218,000 after purchasing an additional 769 shares in the last quarter. Finally, Pacific Sun Financial Corp purchased a new position in Invesco Aerospace & Defense ETF during the second quarter valued at $1,190,000.

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.

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