Hollow Brook Wealth Management LLC Sells 5,235 Shares of Invesco Aerospace & Defense ETF $PPA

Hollow Brook Wealth Management LLC lessened its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,400 shares of the company’s stock after selling 5,235 shares during the period. Invesco Aerospace & Defense ETF accounts for about 1.6% of Hollow Brook Wealth Management LLC’s portfolio, making the stock its 9th largest position. Hollow Brook Wealth Management LLC owned approximately 0.12% of Invesco Aerospace & Defense ETF worth $9,030,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Montgomery Financial Services LLC bought a new stake in Invesco Aerospace & Defense ETF in the second quarter valued at $25,000. DecisionPoint Financial LLC acquired a new position in shares of Invesco Aerospace & Defense ETF during the third quarter valued at about $46,000. Tucker Asset Management LLC raised its holdings in shares of Invesco Aerospace & Defense ETF by 233.7% during the second quarter. Tucker Asset Management LLC now owns 327 shares of the company’s stock valued at $58,000 after purchasing an additional 229 shares during the period. United Community Bank bought a new position in shares of Invesco Aerospace & Defense ETF during the 2nd quarter worth about $82,000. Finally, Rossmore Private Capital boosted its position in shares of Invesco Aerospace & Defense ETF by 71.4% during the 1st quarter. Rossmore Private Capital now owns 600 shares of the company’s stock worth $99,000 after purchasing an additional 250 shares in the last quarter.

Invesco Aerospace & Defense ETF Price Performance

PPA stock opened at $158.65 on Monday. The company’s 50-day moving average is $159.91 and its 200-day moving average is $170.78. The stock has a market capitalization of $7.51 billion, a PE ratio of 30.91 and a beta of 0.75. Invesco Aerospace & Defense ETF has a 1 year low of $144.29 and a 1 year high of $186.30.

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. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.