Marshall Wace LLP Acquires Stake in Invesco Aerospace & Defense ETF

Marshall Wace LLP has made a notable investment by acquiring a new stake in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA – Free Report) during the second quarter of the year. This acquisition was detailed in their recent Form 13F filing submitted to the Securities and Exchange Commission. The institutional investor obtained 2,030 shares of the ETF, with a total value estimated at about $209,000.

Marshall Wace LLP is not alone in this investment territory. Several other large institutional investors have also either increased or decreased their positions in the Invesco Aerospace & Defense ETF. For instance, Centaurus Financial Inc. raised its holdings by an impressive 163.8% in the fourth quarter, now owning 5,609 shares worth approximately $517,000 after acquiring an additional 3,483 shares in that quarter.

Additionally, Creekmur Asset Management LLC entered the scene by acquiring a fresh stake in the ETF during the same fourth quarter, valued around $44,000. PNC Financial Services Group Inc. also made a move by increasing its stake by 4.3% during the fourth quarter, bringing its total to 5,316 shares valued at about $490,000 after purchasing an extra 221 shares.

On the other hand, NBC Securities Inc. expanded its ownership by 33.9% in the first quarter, now holding 3,116 shares worth $316,000 after adding 789 shares. Banque Cantonale Vaudoise also increased its stake by 30.8% during the same period, bringing its total to 1,700 shares, which are worth about $173,000 after acquiring an additional 400 shares.

Invesco Aerospace & Defense ETF Performance Overview

The Invesco Aerospace & Defense ETF opened at a price of $117.64 on Friday. This ETF has shown considerable price fluctuation over the past year, marking a 12-month low of $79.33 and hitting a high of $117.64. Currently, the ETF has a market capitalization of $3.66 billion and a P/E ratio standing at 33.87, alongside a beta of 0.73. Its 50-day moving average is noted at $111.70, and the two-hundred-day moving average is at $106.25.

Understanding the Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF is designed to mirror the investment results correlating to the price and yield of the SPADE Defense Index. This index aims to recognize companies that are engaged in various activities related to the development, manufacturing, operations, and support of defense, homeland security, and aerospace operations in the United States.

In summary, the continuous interest from institutional investors like Marshall Wace LLP and others in the Invesco Aerospace & Defense ETF underscores the potential and strategic significance of the aerospace and defense sectors within the investment landscape.

Investment, Aerospace, ETF