Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $118.18 and traded as low as $114.41. Invesco Aerospace & Defense ETF shares last traded at $114.73, with a volume of 178,748 shares trading hands.

Invesco Aerospace & Defense ETF Stock Performance

The company has a market capitalization of $3.60 billion, a PE ratio of 33.87 and a beta of 0.73. The business’s 50-day moving average is $118.14 and its 200-day moving average is $112.66.

Institutional Trading of Invesco Aerospace & Defense ETF

A number of institutional investors and hedge funds have recently modified their holdings of PPA. Signaturefd LLC boosted its holdings 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 worth $68,000 after buying an additional 107 shares during the last quarter. Fortis Capital Advisors LLC purchased a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter worth $211,000. National Bank of Canada FI lifted its holdings in Invesco Aerospace & Defense ETF by 62.9% in the 2nd quarter. National Bank of Canada FI now owns 179,419 shares of the company’s stock worth $18,287,000 after purchasing an additional 69,290 shares in the last quarter. Private Advisor Group LLC raised its position in shares of Invesco Aerospace & Defense ETF by 21.8% during the second quarter. Private Advisor Group LLC now owns 53,367 shares of the company’s stock valued at $5,482,000 after buying an additional 9,547 shares during the last quarter. Finally, Weil Company Inc. purchased a new position in Invesco Aerospace & Defense ETF during the 2nd quarter valued at approximately $394,000.

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.