Marshall Wace LLP Expands Its Portfolio with Invesco Aerospace & Defense ETF

Marshall Wace LLP has recently made a strategic move by acquiring a new stake in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA). This investment was disclosed through the firm’s filing of its latest Form 13F with the Securities and Exchange Commission, which details the holdings of institutional investors. Specifically, Marshall Wace LLP purchased 2,030 shares of PPA during the second quarter, representing an investment amount close to $209,000.

This acquisition adds to the growing interest among institutional investors in the Invesco Aerospace & Defense ETF. Several other notable investment firms have also been active in adjusting their positions regarding PPA. For instance, Centaurus Financial Inc. significantly increased its stake in the ETF by 163.8% in the last quarter of the previous year. After acquiring an additional 3,483 shares, Centaurus now holds a total of 5,609 shares, which are valued at approximately $517,000.

Additionally, Creekmur Asset Management LLC has entered the picture by acquiring a new stake valued at about $44,000 during the same quarter. Meanwhile, PNC Financial Services Group Inc. has modestly boosted its holdings in the ETF by 4.3%, now owning 5,316 shares worth around $490,000 after purchasing 221 more shares. NBC Securities Inc. also increased its stake by 33.9% earlier this year, bringing its total to 3,116 shares worth $316,000. Lastly, Banque Cantonale Vaudoise expanded its position by 30.8%, owning 1,700 shares valued at $173,000 after acquiring an additional 400 shares.

Current Performance of Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF has shown a strong performance recently, opening at $117.64 on the trading day. Over the past twelve months, the ETF has experienced fluctuations, hitting a low of $79.33 and peaking at $117.64. With a market capitalization of $3.66 billion, the ETF has a price-to-earnings (P/E) ratio of 33.87, indicating robust investor interest. The ETF’s beta is recorded at 0.73, suggesting lower volatility in comparison to broader market indices. The firm’s 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, officially known as the PowerShares Aerospace & Defense Portfolio, aims to provide investment results that match the price and yield performance of the SPADE Defense Index. This index encompasses a range of companies that are integral to the development, manufacturing, operations, and support of defense, homeland security, and aerospace activities in the United States.

Potential Investment Opportunities and Insights

As more institutional investors acquire shares in the Invesco Aerospace & Defense ETF, it is essential for potential investors to consider the implications and future performance indicators of the ETF. The growing interest from large investment firms may suggest confidence in the sector it represents, as well as the continuing importance of aerospace and defense industries in the U.S. economy.

Investment, Aerospace, ETF