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

Marshall Wace LLP recently announced its acquisition of a new stake in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA) during the second quarter of the year. This information was disclosed in the firm’s latest Form 13F filing submitted to the Securities and Exchange Commission.

According to the filing, Marshall Wace LLP purchased 2,030 shares of the ETF, which amounts to an investment approximately valued at $209,000. This strategic move highlights the growing interest in aerospace and defense investments, especially given the current global climate.

In addition to Marshall Wace LLP, several other large investors have also made significant adjustments to their holdings in the Invesco Aerospace & Defense ETF. For instance, Centaurus Financial Inc. enhanced its position by an impressive 163.8% during the fourth quarter, now holding a total of 5,609 shares valued at around $517,000 after acquiring an extra 3,483 shares.

Another notable investor, Creekmur Asset Management LLC, entered the scene by purchasing new shares in the ETF during the fourth quarter, investing approximately $44,000. Similarly, PNC Financial Services Group Inc. increased its stake in the ETF by 4.3%, bringing its total to 5,316 shares worth about $490,000 after buying an additional 221 shares.

Furthermore, NBC Securities Inc. also raised its investment during the first quarter, increasing its holdings by 33.9% to own 3,116 shares, worth $316,000 following the addition of 789 shares. Banque Cantonale Vaudoise has also upped its stake by 30.8% in the first quarter, now holding 1,700 shares valued at $173,000 after purchasing 400 more shares.

Invesco Aerospace & Defense ETF Performance Overview

As of the latest trading, the Invesco Aerospace & Defense ETF opened at $117.64. The ETF has demonstrated notable price fluctuations, recording a 12-month low of $79.33 and a 12-month high of $117.64. The total market capitalization of the ETF is approximately $3.66 billion, with a price-to-earnings (P/E) ratio of 33.87 and a beta of 0.73, indicating lower volatility compared to the market.

The ETF's 50-day moving average is tracked at $111.70, while its 200-day moving average stands at $106.25, suggesting a positive trend in the asset's price over the longer term.

About Invesco Aerospace & Defense ETF

This fund aims to replicate the performance of the SPADE Defense Index, which comprises companies that are significantly involved in the development, manufacturing, and support sectors related to U.S. defense, homeland security, and aerospace operations. Investors see this ETF as a way to gain exposure to essential defense and aerospace industries.

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