Synovus Financial Corp Acquires 1,700 Shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA)

Synovus Financial Corp boosted its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 11.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 16,531 shares of the company’s stock after buying an additional 1,700 shares during the period. Synovus Financial Corp’s holdings in Invesco Aerospace & Defense ETF were worth $1,901,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PPA. Howe & Rusling Inc. acquired a new stake in shares of Invesco Aerospace & Defense ETF during the third quarter worth $27,000. Glass Jacobson Investment Advisors llc raised its stake in shares of Invesco Aerospace & Defense ETF by 50.5% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 304 shares of the company’s stock valued at $35,000 after purchasing an additional 102 shares during the period. Eastern Bank bought a new stake in shares of Invesco Aerospace & Defense ETF in the third quarter valued at about $46,000. Continuum Advisory LLC boosted its position in shares of Invesco Aerospace & Defense ETF by 47.6% during the third quarter. Continuum Advisory LLC now owns 465 shares of the company’s stock worth $55,000 after buying an additional 150 shares during the period. Finally, Assetmark Inc. bought a new position in shares of Invesco Aerospace & Defense ETF during the third quarter worth about $54,000.

Invesco Aerospace & Defense ETF Stock Performance

Shares of Invesco Aerospace & Defense ETF stock opened at $117.58 on Monday. Invesco Aerospace & Defense ETF has a 52-week low of $88.87 and a 52-week high of $124.89. The business’s 50 day simple moving average is $118.62 and its 200 day simple moving average is $111.60. The firm has a market cap of $3.66 billion, a PE ratio of 33.87 and a beta of 0.73.

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.