Invesco Aerospace & Defense ETF (NYSEARCA:PPA) Shares Gap Down to $73.07

Invesco Aerospace & Defense ETF (NYSEARCA:PPAGet Rating)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $73.07, but opened at $70.54. Invesco Aerospace & Defense ETF shares last traded at $70.30, with a volume of 1,406 shares.

Invesco Aerospace & Defense ETF Price Performance

The company has a 50-day simple moving average of $72.52 and a 200-day simple moving average of $73.30.

Institutional Trading of Invesco Aerospace & Defense ETF

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors grew its holdings in Invesco Aerospace & Defense ETF by 13.3% in the second quarter. Captrust Financial Advisors now owns 1,360 shares of the company’s stock valued at $95,000 after purchasing an additional 160 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in Invesco Aerospace & Defense ETF by 127.5% in the second quarter. First Republic Investment Management Inc. now owns 11,570 shares of the company’s stock valued at $811,000 after purchasing an additional 6,484 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in Invesco Aerospace & Defense ETF by 38.1% in the second quarter. Atria Wealth Solutions Inc. now owns 14,592 shares of the company’s stock valued at $1,023,000 after purchasing an additional 4,022 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Invesco Aerospace & Defense ETF by 28.6% during the second quarter. Wells Fargo & Company MN now owns 186,587 shares of the company’s stock valued at $13,078,000 after acquiring an additional 41,488 shares during the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter valued at $502,000.

About Invesco Aerospace & Defense ETF

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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.

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