Invesco Aerospace & Defense ETF (PPA)
| Assets | $7.59B |
| Expense Ratio | 0.58% |
| PE Ratio | 29.91 |
| Shares Out | 48.65M |
| Dividend (ttm) | $0.66 |
| Dividend Yield | 0.43% |
| Ex-Dividend Date | Sep 21, 2026 |
| Payout Frequency | Quarterly |
| Payout Ratio | 12.92% |
| Volume | 359,762 |
| Open | 152.14 |
| Previous Close | 152.85 |
| Day's Range | 151.19 - 153.53 |
| 52-Week Low | 144.29 |
| 52-Week High | 186.30 |
| Beta | 0.75 |
| 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
59.97% of assets| Name | Symbol | Weight |
|---|---|---|
| The Boeing Company | BA | 8.95% |
| GE Aerospace | GE | 8.93% |
| RTX Corporation | RTX | 8.87% |
| Lockheed Martin Corporation | LMT | 7.94% |
| General Dynamics Corporation | GD | 5.18% |
| Northrop Grumman Corporation | NOC | 4.67% |
| Howmet Aerospace Inc. | HWM | 4.13% |
| Honeywell Aerospace Inc. | HONA | 3.82% |
| L3Harris Technologies, Inc. | LHX | 3.77% |
| Parker-Hannifin Corporation | PH | 3.71% |
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 -2.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.81%.
News
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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.
Replenishing the Arsenal: How U.S. Missile Shortages Are Driving Defense ETFs
The U.S. military has depleted much of its stockpile of long-range missiles during its five-month conflict with Iran, raising concerns about readiness for future conflicts, according to CNBC analysis....
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
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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.
Kongsberg closes Zone 5 acquisition, formalises affordable missile push
Norwegian defence and technology group Kongsberg on Wednesday said it had completed the acquisition of U.S.-based Zone 5 Technologies, a developer of low-cost, mass-producible missile systems linke...
US airlines fuel costs soared in April to $6.5 billion
U.S. passenger airlines' fuel costs jumped 78% in April to nearly $6.5 billion over the same month last year as the conflict in the Middle East has sharply driven up fuel costs, the U.S. Transp...
See opportunities in European defense & U.S. LNG : RGA Investments
Rick Gardner of of RGA Investments says higher defense spending commitments across Europe could support the region's defense stocks, which remain relatively cheaper than U.S. peers. He also sees upsid...
Japan's global defense business may be on the cusp of a big breakout
Experts say Japan will initially export arms in areas where it's already strong, such as air defense systems and naval platforms. Global military spending hit a record of $2.89 trillion in 2025, the 1...