Invesco Aerospace & Defense ETF (PPA)
| Assets | $7.62B |
| Expense Ratio | 0.58% |
| PE Ratio | 26.62 |
| Forward PE | 25.39 |
| Shares Out | 47.30M |
| Dividend | $0.66 (0.44%) |
| Ex-Dividend Date | Sep 21, 2026 |
| Payout Frequency | Quarterly |
| Payout Ratio | 11.32% |
| Volume | 557,313 |
| Open | 156.50 |
| Previous Close | 157.25 |
| Day's Range | 150.36 - 157.73 |
| 52-Week Low | 144.29 |
| 52-Week High | 186.30 |
| Beta | 0.76 |
| Holdings | 71 |
| Inception Date | Oct 26, 2005 |
About PPA
Fund Home PageThe Invesco Aerospace & Defense ETF (PPA) is an exchange-traded fund that is based on the SPADE Defense index, a market-cap-weighted index of US-listed stocks involved in the defense, military, homeland security and space industries. PPA was launched on Oct 26, 2005 and is issued by Invesco.
Top 10 Holdings
62.31% of assets| Name | Symbol | Weight |
|---|---|---|
| RTX Corporation | RTX | 9.48% |
| GE Aerospace | GE | 9.41% |
| Lockheed Martin Corporation | LMT | 9.19% |
| The Boeing Company | BA | 8.16% |
| General Dynamics Corporation | GD | 5.62% |
| Northrop Grumman Corporation | NOC | 5.03% |
| L3Harris Technologies, Inc. | LHX | 4.07% |
| Howmet Aerospace Inc. | HWM | 3.84% |
| Honeywell Aerospace Inc. | HONA | 3.79% |
| TransDigm Group Incorporated | TDG | 3.73% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 21, 2026 | $0.47869 | Sep 25, 2026 |
| Jun 22, 2026 | $0.13586 | Jun 26, 2026 |
| Mar 23, 2026 | $0.04615 | Mar 27, 2026 |
| Sep 22, 2025 | $0.45491 | Sep 26, 2025 |
| Jun 23, 2025 | $0.15502 | Jun 27, 2025 |
| Mar 24, 2025 | $0.04889 | Mar 28, 2025 |
Performance
PPA had a total return of -2.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.68%.
News
German industry groups urge Berlin to join defence bank initiative
German business and industry associations on Thursday urged the government to join the Canada-led Defence, Security and Resilience Bank (DSRB), saying membership was needed to close financing gaps fo...
How Index Construction Can Make or Break Defense Allocations
After an investor decides to gain targeted exposure to the defense industry, the usual next step is to decide which vehicle or strategy makes the most sense for fostering defense access. Many opt to u...
VettaFi Discusses Thematic ETF Rotation & Steak on Bloomberg TV
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Beyond the Tech Horizon: Real Diversification in Non-AI Thematic ETFs
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Norway's $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
Proposed changes to Norway's sovereign wealth fund ethics rules could open the door to investments in more Western defense companies. The fund is currently barred from investing in companies including...
4Q'26 Defense Sector Guide: Opportunities Amid Instability
Each quarter, SPADE Indexes releases The SPADE Investor, covering trends, statistics, and analysis across the defense, aerospace, national security, and government sectors. The newest edition for 4Q26...
Why Invest in Defense? The Case for Targeted Exposure
Broadly speaking, when advisors and investors consider adding focused industry exposure to a portfolio, there needs to be a strong justification for doing so. Take the AI industry, for example, where ...
More Signs This Defense ETF Can Take Off
Defense contractors such as Lockheed Martin (LMT) and RTX Corporation (RTX), among many more, are at the epicenter of a massive replenishment cycle ushered in by the war in Iran lasting far longer tha...
U.S. approves potential sale of Joint Direct Attack Munitions-Extend Range to Saudi Arabia for $5 billion
The U.S. State Department said on Friday it had approved the potential sale of Joint Direct Attack Munitions-Extend Range to Saudi Arabia for an estimated $5 billion.
US Munitions Strain Complicates Iran Strategy
The US remains outside formal negotiations with Iran as Oman and Tehran discuss arrangements for the Strait of Hormuz, leaving the diplomatic path uncertain and raising the possibility of renewed figh...
The Pentagon Is Making Production Promises Only Congress Can Keep
On Monday, the Pentagon announced agreements with L3Harris Technologies and Lockheed Martin to expand weapons production capacity for components of two missile interceptors over the next seven years.
Western defense companies are looking to Ukrainian firms for lessons on how to build in wartime conditions
Western defense firms are partnering with Ukrainian companies to learn from wartime production. A Ukrainian official said Western firms want to move faster and build under attack.
US weapons makers confront Europe's drive for local control
As U.S. defence companies descended on Britain's Farnborough Airshow this week hoping to tap Europe's military spending boom, they encountered increased concern among customers about reliance on Ameri...
As defense spending surges, these stocks could make you the most money
Palantir tops a screen of defense companies for growth through 2028, but most of the expected best growers are small-cap stocks.
Defense Tech May Be in a Bubble as Legacy Defense Stocks Offer Value
Traditional defense stocks have lagged even as defense-tech startups command lofty valuations. Vertical Research says six established companies still offer attractive value.
Conflicts, aircraft orders in focus as Farnborough Airshow kicks off
Farnborough Airshow opens on Monday with Boeing and Airbus pursuing aircraft deals and defence firms vying for a share of booming military budgets fuelled by wars in Ukraine and the Middle East.
Defense giant KNDS plans IPO in Paris and Frankfurt
KNDS said it plans to list shares in Paris and Frankfurt. KNDS is one of Europe's largest military equipment producers.
Sabanci Renewables Expands U.S. Growth Through Long-Term Power Purchase Agreement with Meta
Long-term agreement with Meta for the Lucky 7 and Pepper solar projects represents another step in Sabanci Renewables' growth in the United States. Austin, Texas--(Newsfile Corp. - June 22, 2026) - S...
Drone strikes beyond the battlefield pump up market for technology to repel them
Drone incursions disrupting airports in Europe and strikes on oil fields in the Middle East are spurring a fast-growing market for radars, jammers and defensive craft to defend airports and infrastruc...
Defense contractors would be barred from buying back their stock in bill approved by Senate panel
The Senate Armed Services Committee approved a must-pass bill with a provision that could bar some defense contractors from making stock buybacks or paying dividends unless they have the Defense Depar...
Trump invokes Defense Production Act for munitions, supply chains
U.S. President Donald Trump has invoked the Defense Production Act to address constraints in weapons supply and development for munitions production and supply chains, according to a memo made publi...
As Europe rearms, 'wingman' aircraft take centre stage
Centre stage at last week's Berlin airshow was the "wingman" drone, Europe's latest-generation defence weapon designed to accompany fighter jets.
