Hollow Brook Wealth Management LLC Buys 5,013 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Hollow Brook Wealth Management LLC lifted its stake in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 71,090 shares of the company’s stock after purchasing an additional 5,013 shares during the period. Invesco Aerospace & Defense ETF makes up about 2.4% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position. Hollow Brook Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $8,173,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Howe & Rusling Inc. purchased a new position in shares of Invesco Aerospace & Defense ETF in the third quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Invesco Aerospace & Defense ETF during the second quarter worth $42,000. Eastern Bank acquired a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at $46,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Invesco Aerospace & Defense ETF in the first quarter valued at $54,000. Finally, Assetmark Inc. purchased a new position in Invesco Aerospace & Defense ETF in the third quarter valued at $54,000.

Invesco Aerospace & Defense ETF Trading Up 0.8 %

Invesco Aerospace & Defense ETF stock opened at $121.39 on Monday. Invesco Aerospace & Defense ETF has a 12-month low of $86.88 and a 12-month high of $124.89. The stock has a market cap of $3.78 billion, a P/E ratio of 33.87 and a beta of 0.73. The company has a fifty day simple moving average of $117.76 and a 200-day simple moving average of $110.59.

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.