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

Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) 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.

Invesco Aerospace & Defense ETF Price Performance

The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 33.87 and a beta of 0.73. The firm has a fifty day simple moving average of $118.18 and a two-hundred day simple moving average of $112.65.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. PFG Investments LLC lifted its position in Invesco Aerospace & Defense ETF by 23.1% during the second quarter. PFG Investments LLC now owns 7,882 shares of the company’s stock valued at $810,000 after purchasing an additional 1,480 shares during the period. FMR LLC lifted its holdings 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 valued at $812,000 after buying an additional 1,482 shares during the period. Signaturefd LLC boosted its stake 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. Beck Capital Management LLC grew its holdings in 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 acquiring an additional 985 shares during the period. Finally, Zacks Investment Management raised its position in 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 acquiring an additional 127 shares in the last quarter.

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.