Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Share Price Crosses Below 50 Day Moving Average of $84.41

Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $84.41 and traded as low as $82.04. Invesco Aerospace & Defense ETF shares last traded at $82.28, with a volume of 53,647 shares.

Invesco Aerospace & Defense ETF Price Performance

The firm’s fifty day moving average is $84.41 and its two-hundred day moving average is $81.82. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 24.91 and a beta of 0.98.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PPA. PSI Advisors LLC bought a new position in Invesco Aerospace & Defense ETF during the first quarter valued at about $25,000. Clearstead Advisors LLC acquired a new stake in Invesco Aerospace & Defense ETF in the 3rd quarter valued at about $27,000. Clearview Wealth Advisors LLC bought a new position in shares of Invesco Aerospace & Defense ETF during the 1st quarter valued at about $28,000. Blair William & Co. IL grew its stake in shares of Invesco Aerospace & Defense ETF by 468.8% in the 1st quarter. Blair William & Co. IL now owns 455 shares of the company’s stock worth $37,000 after purchasing an additional 375 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new stake in shares of Invesco Aerospace & Defense ETF in the 1st quarter worth approximately $40,000.

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.