Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Stock Passes Below Fifty Day Moving Average – What’s Next?

Invesco Aerospace & Defense ETF (NYSEARCA:PPA) shares crossed 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.

Invesco Aerospace & Defense ETF Trading Down 0.4 %

The firm has a market cap of $3.57 billion, a PE ratio of 33.87 and a beta of 0.73. The stock’s 50 day moving average price is $118.06 and its 200 day moving average price is $113.13.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Howe & Rusling Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the 3rd quarter valued at approximately $27,000. Glass Jacobson Investment Advisors llc grew its position in shares of Invesco Aerospace & Defense ETF by 50.5% during the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after buying an additional 102 shares during the last quarter. Eastern Bank bought a new position in Invesco Aerospace & Defense ETF in the third quarter worth about $46,000. Assetmark Inc. acquired a new position in Invesco Aerospace & Defense ETF in the third quarter valued at approximately $54,000. Finally, Continuum Advisory LLC boosted its position in Invesco Aerospace & Defense ETF by 47.6% during the 3rd quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock valued at $55,000 after purchasing an additional 150 shares during the period.

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.