Marshall Wace LLP Takes New Position in Invesco Aerospace & Defense ETF

In the second quarter, Marshall Wace LLP made a notable investment by acquiring a new stake in the Invesco Aerospace & Defense ETF (NYSEARCA:PPA), as detailed in its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,030 shares of the ETF, which are currently valued at approximately $209,000.

Marshall Wace LLP is not alone in this investment endeavor, as several other large investors have recently adjusted their positions in the Invesco Aerospace & Defense ETF. For instance, Centaurus Financial Inc. has significantly increased its investment by 163.8% during the fourth quarter, bringing its total holdings to 5,609 shares valued at about $517,000 after acquiring an additional 3,483 shares.

Additionally, Creekmur Asset Management LLC established a new stake in the ETF during the same quarter, valued at roughly $44,000. PNC Financial Services Group Inc. also expanded its position in the Invesco Aerospace & Defense ETF, increasing its holdings by 4.3%. It now possesses 5,316 shares worth approximately $490,000, after adding 221 shares in the last quarter.

Further emphasizing the interest in this ETF, NBC Securities Inc. boosted its stake by 33.9% in the first quarter, amassing 3,116 shares valued at around $316,000 after purchasing an extra 789 shares. Similarly, Banque Cantonale Vaudoise increased its stake by 30.8%, owning 1,700 shares worth about $173,000 following the acquisition of 400 additional shares.

Performance Overview of Invesco Aerospace & Defense ETF

As of Friday, the Invesco Aerospace & Defense ETF opened at a price of $117.64. The ETF has experienced a range of price fluctuations over the past year, with a 12-month low recorded at $79.33 and a peak at $117.64. The fund currently has a market capitalization of approximately $3.66 billion, a price-to-earnings (P/E) ratio of 33.87, and a beta of 0.73. Its 50-day moving average stands at $111.70, while the two-hundred day moving average is at $106.25.

About the Invesco Aerospace & Defense ETF

The Invesco Aerospace & Defense ETF, also known as PowerShares Aerospace & Defense Portfolio, aims to provide investment results that correspond closely to the performance of the SPADE Defense Index. This Index is specifically designed to track companies engaged in the development, manufacturing, operations, and support of aerospace and defense sectors in the United States, including homeland security and defense operations.

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To explore further about what other hedge funds are investing in PPA, consider visiting platforms that track 13F filings and insider trades.

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