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

Invesco Aerospace & Defense ETF (NYSEARCA:PPA)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $118.02 and traded as low as $113.42. Invesco Aerospace & Defense ETF shares last traded at $115.09, with a volume of 268,698 shares changing hands.

Invesco Aerospace & Defense ETF Stock Performance

The business’s 50 day simple moving average is $118.06 and its 200-day simple moving average is $113.13. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PPA. FMR LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 26.6% in the 3rd quarter. FMR LLC now owns 7,061 shares of the company’s stock worth $812,000 after purchasing an additional 1,482 shares during the last quarter. Beck Capital Management LLC raised its position in shares of Invesco Aerospace & Defense ETF by 1.4% during the second quarter. Beck Capital Management LLC now owns 69,570 shares of the company’s stock worth $7,146,000 after purchasing an additional 985 shares during the period. Zacks Investment Management lifted its holdings in shares of Invesco Aerospace & Defense ETF by 5.1% during the third quarter. Zacks Investment Management now owns 2,627 shares of the company’s stock valued at $302,000 after purchasing an additional 127 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Invesco Aerospace & Defense ETF by 171.9% in the 3rd quarter. Quantinno Capital Management LP now owns 14,268 shares of the company’s stock valued at $1,640,000 after purchasing an additional 9,020 shares during the period. Finally, LPL Financial LLC lifted its holdings in Invesco Aerospace & Defense ETF by 15.6% in the 2nd quarter. LPL Financial LLC now owns 1,372,803 shares of the company’s stock worth $141,014,000 after purchasing an additional 184,961 shares during the last quarter.

About Invesco Aerospace & Defense ETF

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.