Hollow Brook Wealth Management LLC Sells 4,897 Shares of Invesco Aerospace & Defense ETF $PPA

Hollow Brook Wealth Management LLC trimmed its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,817 shares of the company’s stock after selling 4,897 shares during the period. Invesco Aerospace & Defense ETF accounts for 2.6% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 7th biggest position. Hollow Brook Wealth Management LLC’s holdings in Invesco Aerospace & Defense ETF were worth $9,996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PPA. BOK Financial Private Wealth Inc. lifted its holdings in Invesco Aerospace & Defense ETF by 84.2% during the third quarter. BOK Financial Private Wealth Inc. now owns 175 shares of the company’s stock valued at $27,000 after purchasing an additional 80 shares in the last quarter. eCIO Inc. purchased a new position in Invesco Aerospace & Defense ETF during the fourth quarter valued at $28,000. Binnacle Investments Inc lifted its holdings in Invesco Aerospace & Defense ETF by 84.2% during the second quarter. Binnacle Investments Inc now owns 210 shares of the company’s stock valued at $30,000 after purchasing an additional 96 shares in the last quarter. EPG Wealth Management LLC purchased a new position in Invesco Aerospace & Defense ETF during the fourth quarter valued at $31,000. Finally, Y.D. More Investments Ltd lifted its holdings in Invesco Aerospace & Defense ETF by 720.0% during the fourth quarter. Y.D. More Investments Ltd now owns 205 shares of the company’s stock valued at $32,000 after purchasing an additional 180 shares in the last quarter.

Invesco Aerospace & Defense ETF Stock Up 1.0%

PPA opened at $175.81 on Tuesday. The firm’s fifty day simple moving average is $171.05 and its two-hundred day simple moving average is $169.55. The company has a market cap of $8.41 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. Invesco Aerospace & Defense ETF has a 52-week low of $133.95 and a 52-week 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.