Invesco Aerospace & Defense ETF $PPA Shares Sold by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC reduced its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 8.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,400 shares of the company’s stock after selling 5,235 shares during the period. Invesco Aerospace & Defense ETF makes up 1.6% of Hollow Brook Wealth Management LLC’s investment portfolio, making the stock its 9th largest holding. Hollow Brook Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $9,030,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PPA. Montgomery Financial Services LLC acquired a new stake in Invesco Aerospace & Defense ETF in the 2nd quarter valued at $25,000. DecisionPoint Financial LLC bought a new stake in Invesco Aerospace & Defense ETF during the 3rd quarter valued at $46,000. Tucker Asset Management LLC raised its holdings in Invesco Aerospace & Defense ETF by 233.7% during the second quarter. Tucker Asset Management LLC now owns 327 shares of the company’s stock worth $58,000 after buying an additional 229 shares during the last quarter. United Community Bank acquired a new position in Invesco Aerospace & Defense ETF during the second quarter worth $82,000. Finally, Rossmore Private Capital raised its holdings in Invesco Aerospace & Defense ETF by 71.4% during the first quarter. Rossmore Private Capital now owns 600 shares of the company’s stock worth $99,000 after buying an additional 250 shares during the last quarter.

Invesco Aerospace & Defense ETF Stock Performance

Invesco Aerospace & Defense ETF stock opened at $158.65 on Monday. Invesco Aerospace & Defense ETF has a 1-year low of $144.29 and a 1-year high of $186.30. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 30.91 and a beta of 0.75. The firm’s fifty day moving average price is $159.91 and its two-hundred day moving average price is $170.78.

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.