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

Hollow Brook Wealth Management LLC decreased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,817 shares of the company’s stock after selling 4,897 shares during the quarter. Invesco Aerospace & Defense ETF comprises 2.6% of Hollow Brook Wealth Management LLC’s holdings, making the stock its 7th biggest position. Hollow Brook Wealth Management LLC owned approximately 0.14% of Invesco Aerospace & Defense ETF worth $9,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Bank of America Corp DE increased its stake in Invesco Aerospace & Defense ETF by 2.3% during the 3rd quarter. Bank of America Corp DE now owns 7,668,214 shares of the company’s stock valued at $1,192,024,000 after purchasing an additional 173,290 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Invesco Aerospace & Defense ETF by 2,760.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,817,263 shares of the company’s stock valued at $441,268,000 after purchasing an additional 2,718,777 shares in the last quarter. Morgan Stanley increased its stake in Invesco Aerospace & Defense ETF by 1.3% during the 4th quarter. Morgan Stanley now owns 2,143,208 shares of the company’s stock valued at $335,691,000 after purchasing an additional 27,624 shares in the last quarter. LPL Financial LLC increased its stake in Invesco Aerospace & Defense ETF by 3.6% during the 4th quarter. LPL Financial LLC now owns 1,729,063 shares of the company’s stock valued at $270,823,000 after purchasing an additional 60,321 shares in the last quarter. Finally, UBS Group AG increased its stake in Invesco Aerospace & Defense ETF by 5.9% during the 3rd quarter. UBS Group AG now owns 825,841 shares of the company’s stock valued at $128,377,000 after purchasing an additional 46,319 shares in the last quarter.

Invesco Aerospace & Defense ETF Trading Up 1.0%

Shares of Invesco Aerospace & Defense ETF stock opened at $175.81 on Tuesday. Invesco Aerospace & Defense ETF has a 12-month low of $133.95 and a 12-month high of $186.30. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 30.91 and a beta of 0.73. The firm’s 50 day simple moving average is $171.05 and its two-hundred day simple moving average is $169.55.

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.