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

Posted by James Quigley on Jan 10th, 2025

Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Get Free Report) 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 traded.

Invesco Aerospace & Defense ETF Stock Up 0.8 %

The stock has a 50-day moving average of $118.02 and a 200-day moving average of $113.04. The company has a market cap of $3.59 billion, a PE ratio of 33.87 and a beta of 0.73.

Institutional Investors Weigh In On Invesco Aerospace & Defense ETF

A number of large investors have recently added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF in the third quarter worth about $27,000. Glass Jacobson Investment Advisors llc increased its holdings in shares of Invesco Aerospace & Defense ETF by 50.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock worth $35,000 after buying an additional 102 shares during the period. Eastern Bank purchased a new position in shares of Invesco Aerospace & Defense ETF in the third quarter worth about $46,000. Assetmark Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF in the third quarter worth about $54,000. Finally, Continuum Advisory LLC increased its holdings in shares of Invesco Aerospace & Defense ETF by 47.6% in the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after buying an additional 150 shares during the period.

Invesco Aerospace & Defense ETF Company Profile

(Get Free Report)

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.