Marshall Wace LLP Expands Holdings in Invesco Aerospace & Defense ETF

Marshall Wace LLP has recently added a new investment to its portfolio by acquiring a stake in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA). This decision came during the second quarter of the year, as revealed in the latest Form 13F filing submitted to the Securities and Exchange Commission.

The firm purchased 2,030 shares of the ETF, with the total investment amounting to approximately $209,000. This move highlights Marshall Wace's confidence in the aerospace and defense sector, which has shown resilience and growth potential.

In addition to Marshall Wace, several other major investors have either increased or decreased their holdings in the Invesco Aerospace & Defense ETF recently. For instance, Centaurus Financial Inc. significantly grew its stake in the fourth quarter by 163.8%, now owning 5,609 shares valued at about $517,000 after acquiring an additional 3,483 shares.

Creekmur Asset Management LLC also entered the scene by acquiring a new stake worth approximately $44,000 during the fourth quarter. Meanwhile, PNC Financial Services Group Inc. increased its investment in the ETF by 4.3%, bringing its total number of shares to 5,316, now valued at $490,000 after purchasing 221 additional shares.

Moreover, NBC Securities Inc. raised its ownership by 33.9% during the first quarter, owning now 3,116 shares worth around $316,000 after buying 789 shares. Similarly, Banque Cantonale Vaudoise increased its stake by 30.8% in the same period, now holding 1,700 shares valued at $173,000 following a purchase of 400 shares.

Invesco Aerospace & Defense ETF: Price Overview

The Invesco Aerospace & Defense ETF opened at a price of $117.64. Over the past year, the stock has seen a low point of $79.33 and reached a high of $117.64. The ETF has a market capitalization of $3.66 billion and operates with a price-to-earnings (P/E) ratio of 33.87. It has a beta of 0.73, indicating its price fluctuations in relation to market trends. Additionally, the 50-day moving average stands at $111.70 while the 200-day moving average is at $106.25.

About Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF aims to track the investment results that correspond to the SPADE Defense Index. This index is specifically designed to identify companies engaged in the development, manufacturing, operations, and support of the U.S. defense, homeland security, and aerospace operations. The focus on these sectors highlights the ETF's investment strategy and its growth potential amidst increasing global demand for security and aerospace technologies.

Additional Insights

Investors looking to understand the dynamics of the Invesco Aerospace & Defense ETF and other similar holdings can explore the ongoing trends in institutional investments. Awarness of large investment movements can provide useful insights into market behavior and potentially profitable investment opportunities.

For those interested in tracking hedge fund activity and which funds are holding PPA shares, a quick lookup on financial news platforms can offer the latest filings and market analysis, helping investors make informed decisions moving forward.

investment, ETF, aerospace