Marshall Wace LLP Acquires New Holdings in Invesco Aerospace & Defense ETF

Marshall Wace LLP has recently made a strategic investment by acquiring a new stake in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the second quarter of the fiscal year. This information was revealed through its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor gained 2,030 shares of the ETF, with an estimated value of around $209,000.

In addition to Marshall Wace LLP, several other notable institutional investors have also increased or decreased their positions in the Invesco Aerospace & Defense ETF in recent months. For instance, Centaurus Financial Inc. enhanced its investment in the ETF significantly by 163.8% in the fourth quarter, bringing its total holdings to 5,609 shares, valued at $517,000 after purchasing an additional 3,483 shares.

Furthermore, Creekmur Asset Management LLC entered the scene by acquiring a new stake in the ETF last quarter, valued at approximately $44,000. PNC Financial Services Group Inc. also made a move by raising its stake by 4.3% during the fourth quarter, resulting in ownership of 5,316 shares, which is worth $490,000 after the acquisition of 221 additional shares.

Furthermore, NBC Securities Inc. and Banque Cantonale Vaudoise increased their stakes in the ETF in the first quarter. NBC Securities grew its position by 33.9%, resulting in ownership of 3,116 shares valued at $316,000 following the purchase of 789 shares. Meanwhile, Banque Cantonale Vaudoise expanded its stake by 30.8%, now holding 1,700 shares worth $173,000 after buying an additional 400 shares.

Invesco Aerospace & Defense ETF Overview

As of the latest trading session, the Invesco Aerospace & Defense ETF opened at a price of $117.64. The ETF's 12-month trading range shows a low of $79.33 and a high of $117.64. The overall market capitalization of the fund is approximately $3.66 billion. Investors can observe that the ETF has a price-to-earnings (P/E) ratio of 33.87, along with a beta of 0.73, indicating its relative volatility in comparison to the overall market.

The 50-day moving average for the ETF stands at $111.70, while the 200-day moving average is at $106.25, which provides insight into its performance trends over these periods.

About the Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF aims to achieve investment results that correspond with the price and yield of the SPADE Defense Index. This particular index is designed to pinpoint a selection of companies that are involved in the development, production, operations, and support related to defense, homeland security, and aerospace operations within the United States.

Conclusion

In summary, the investment activity surrounding the Invesco Aerospace & Defense ETF is notable as various institutional investors, including Marshall Wace LLP, are actively participating in reshaping their portfolios with this particular ETF. Such movements indicate a broader interest in companies involved in the aerospace and defense sectors, which could be a reflection of current trends and future expectations in these industries.

Investment, Aerospace, Defense