Synovus Financial Corp Buys 1,122 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Synovus Financial Corp increased its position in Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,653 shares of the company’s stock after acquiring an additional 1,122 shares during the quarter. Synovus Financial Corp’s holdings in Invesco Aerospace & Defense ETF were worth $2,028,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PPA. CIBC Private Wealth Group LLC raised its stake in shares of Invesco Aerospace & Defense ETF by 15.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 639 shares of the company’s stock worth $74,000 after purchasing an additional 87 shares during the last quarter. American Institute for Advanced Investment Management LLP raised its position in Invesco Aerospace & Defense ETF by 0.8% in the 4th quarter. American Institute for Advanced Investment Management LLP now owns 14,541 shares of the company’s stock worth $1,668,000 after buying an additional 121 shares during the last quarter. Assetmark Inc. lifted its stake in Invesco Aerospace & Defense ETF by 29.9% during the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock valued at $70,000 after acquiring an additional 140 shares during the period. PFG Advisors boosted its holdings in shares of Invesco Aerospace & Defense ETF by 5.8% during the 4th quarter. PFG Advisors now owns 2,632 shares of the company’s stock valued at $302,000 after acquiring an additional 144 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its stake in shares of Invesco Aerospace & Defense ETF by 0.8% in the fourth quarter. DAVENPORT & Co LLC now owns 18,296 shares of the company’s stock worth $2,099,000 after acquiring an additional 146 shares during the period.

Invesco Aerospace & Defense ETF Stock Down 0.1 %

Shares of Invesco Aerospace & Defense ETF stock opened at $116.45 on Wednesday. Invesco Aerospace & Defense ETF has a twelve month low of $97.64 and a twelve month high of $124.89. The company’s 50 day moving average is $115.77 and its 200 day moving average is $117.30. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 27.45 and a beta of 0.82.

Invesco Aerospace & Defense ETF 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.