Invesco Aerospace & Defense ETF (PPA)

NYSEARCA: PPA · Real-Time Price · USD
146.38
-0.47 (-0.32%)
At close: Jul 24, 2025, 4:00 PM
147.58
+1.20 (0.82%)
After-hours: Jul 24, 2025, 8:00 PM EDT
-0.32%
Assets$5.92B
Expense Ratio0.57%
PE Ratio31.63
Shares Out41.07M
Dividend (ttm)$0.65
Dividend Yield0.44%
Ex-Dividend DateJun 23, 2025
Payout FrequencyQuarterly
Payout Ratio13.98%
Volume238,045
Open146.86
Previous Close146.85
Day's Range146.32 - 147.73
52-Week Low100.39
52-Week High147.79
Beta0.86
Holdings58
Inception DateOct 26, 2005

About PPA

Fund Home Page

The 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.

Asset Class Equity
Category Industrials
Region North America
Stock Exchange NYSEARCA
Ticker Symbol PPA
ETF Provider Invesco
Index Tracked SPADE Defense Index

Top 10 Holdings

56.17% of assets
NameSymbolWeight
The Boeing CompanyBA8.43%
General Electric CompanyGE7.93%
RTX CorporationRTX7.46%
Lockheed Martin CorporationLMT6.26%
Northrop Grumman CorporationNOC5.27%
General Dynamics CorporationGD4.51%
Honeywell International Inc.HON4.51%
L3Harris Technologies, Inc.LHX3.98%
Howmet Aerospace Inc.HWM3.97%
TransDigm Group IncorporatedTDG3.85%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Jun 23, 2025$0.15502Jun 27, 2025
Mar 24, 2025$0.04889Mar 28, 2025
Dec 23, 2024$0.31199Dec 27, 2024
Sep 23, 2024$0.13298Sep 27, 2024
Jun 24, 2024$0.13929Jun 28, 2024
Mar 18, 2024$0.11448Mar 22, 2024
Full Dividend History

Performance

PPA had a total return of 36.27% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.33%.

News

PPA: An Ideal Way To Invest In Defense And The Golden Dome

Invesco Aerospace & Defense ETF is a strong long-term play, but recent gains make it overbought; I recommend waiting for a pullback. Global defense spending is rising, especially in Europe, and the po...

8 days ago - Seeking Alpha

Space ETFs vs. Aerospace & Defense ETFs: View From Above

While aerospace and defense ETFs have recently caught investor interest, space ETFs have been quietly gaining traction. The space sector shares some overlap with the aerospace industry.

14 days ago - ETF Trends

Diversify & Innovate: The Smart Way to Use Thematic ETFs

Thematic ETFs offer exciting opportunities for investors to capitalize on long-term, transformative trends shaping the world. For financial advisors, the key lies in effectively integrating these spec...

Other symbols: IGPT
21 days ago - ETF Trends

Iran Escalation Could Rally U.S. Defense Stocks -- XAR My Top ETF Choice

US Aerospace & Defense stocks are poised for improved sentiment due to escalating Middle East tensions and direct US involvement in Iran. Recent negative pressures—peace prospects in Ukraine and poten...

Other symbols: ITAXAR
4 weeks ago - Seeking Alpha

PPA: Aerospace And Defense Stocks' Blistering Growth Is Likely To Continue

Record-breaking revenues, profits, and backlogs in aerospace & defense signal continued robust demand for both commercial and defense segments into 2025 and beyond. Global defense spending is accelera...

2 months ago - Seeking Alpha

PPA: Strong Demand Fuels Aerospace And Defense Stocks

Invesco Aerospace & Defense ETF is attractive due to its consistent outperformance of the S&P 500 Index. Strong forward metrics of top 10 holdings, robust demand for defense products, and U.S. support...

4 months ago - Seeking Alpha

This Defense Stock Could Hit $170 'Before Year-End,' Expert Explains Why

Rising geopolitical tensions have investors interested in defense stocks.

Other symbols: ITARTX
4 months ago - Benzinga

PPA: Ride The Bullish Momentum As Geopolitical Tensions Persist

I rate Invesco Aerospace & Defense ETF a buy due to its quality exposure, diverse holdings, and low expense ratio of 0.57%. PPA's full replication strategy and investment in 55 diverse holdings mitiga...

6 months ago - Seeking Alpha

PPA: Defense Stocks ETF Positioned To Soar

Invesco Aerospace & Defense ETF benefits from increased demand for defense products amid escalating conflicts in Ukraine and the Middle East, and potential support from a Trump administration. Top hol...

8 months ago - Seeking Alpha

Defense Stocks Under Fire: Why I'm Buying The Dip

My portfolio initially surged post-election but has since faced pressure due to market uncertainty surrounding Trump's controversial appointments and their economic impact. Key affected sectors includ...

Other symbols: GDGEITALHXLMTNOCRTX
8 months ago - Seeking Alpha

Aerospace and defense ETFs beat S&P 500 as Middle East fears intensify

Aerospace and defense ETFs have surged in the past year — and are up so far this week even as the U.S. stock market has broadly stumbled.

Other symbols: ITAMISLSHLDXAR
10 months ago - Market Watch

U.S. Defense Majors Are Losing The Export War

Things might look 'rosy' right now, but I‘ll always do my best to find anything that has the potential to break this pretty picture, even if it ultimately won't materialize. And guess what, I found so...

11 months ago - Seeking Alpha

PPA: Well-Diversified Aerospace And Defense ETF Worth Buying

PPA is a U.S. Aerospace & Defense ETF with an impressive long-term track record. Its expense ratio is 0.58% and the ETF has $3.60 billion in assets under management. Positive defense spending projecti...

1 year ago - Seeking Alpha

PPA: Boeing's Cash Problem And Lockheed's F-35 Delays (Rating Downgrade)

Invesco Aerospace & Defense ETF warrants a rating downgrade to a hold due to safety issues facing Boeing and Lockheed Martin's F-35 program delays. PPA has slightly underperformed the S&P 500 Index si...

1 year ago - Seeking Alpha

PPA: Why It's The Best Aerospace And Defense ETF On The Market

PPA is a top-performing Aerospace & Defense ETF that's outperformed the market by 5% since my August 2023 review. Fees are high at 0.58% but justified, given its superior strategy. Compared to peers l...

1 year ago - Seeking Alpha

Defense is the place to be on a 'multi-year, multi-decade' basis: Portfolio manager

Robert Schein of Blanke Schein Wealth Management is bullish on the defense sector given ongoing geopolitical tensions.

1 year ago - CNBC International TV

PPA: The Right Balance Of Holdings To Leverage Defense Spending And Aerospace Growth

Invesco Aerospace & Defense ETF has a track record of strong performance and a balanced mix of defense holdings compared to other ETFs. PPA has a relatively high expense ratio but offers a distinct ad...

1 year ago - Seeking Alpha

PPA: Defense Does Not Come Cheap

Defense sector consistently outperforms SP500. Geopolitical events lead to increased NATO budgets. Defense stocks are expensive, with high PE ratios and modest EPS growth.

1 year ago - Seeking Alpha

PPA: A Continued Beneficiary Of Geopolitical Risk

Invesco Aerospace & Defense ETF is worth considering for long-term allocation due to the secular uptrend in geopolitical risks and the likelihood of increased defense spending. PPA tracks the SPADE De...

1 year ago - Seeking Alpha

Surging aerospace and defense stocks lift these ETFs as investors monitor Israel-Hamas war

Exchange-traded funds that buy aerospace and defense stocks were surging on Monday, after war erupted over the weekend between Israel and Hamas.

Other symbols: ITABAGDLMTRTXTXTXAR
1 year ago - Market Watch

PPA: Is This Aerospace And Defense ETF Set To Soar?

The iShares U.S. Aerospace & Defense ETF tracks an Index with an impressive 25-year track record that beats the S&P 500 Index. Between 1998-2023, there were only five key six-month periods where PPA o...

2 years ago - Seeking Alpha

Why There May Be Growing Opportunities In The Industrial Sector

The industrial sector could be poised for a lift as mega spending projects kick in. Why capital investment in infrastructure has been lagging.

2 years ago - Seeking Alpha

PPA: Aerospace And Defense Are Out Of Favor, Shares Are Expensive, And With Technical Downside Risk

National security was a major narrative during 2022, but as geopolitical tensions have taken a backseat to economic growth worries, PPA has underperformed. I have a sell rating on the fund based on va...

2 years ago - Seeking Alpha

Gold, regional banks, Aerospace: ETF trade winners and losers

Blanke Schein Wealth Management CIO Robert Schein joins Yahoo Finance Live anchor Akiko Fujita to discuss the best and worst stock picks for investor portfolios amid the debt ceiling debate and the ec...

Other symbols: KRE
2 years ago - Yahoo Finance

PPA: Increased Defense Spending In Response To Ukraine War Is Supportive

The United States finds itself in proxy wars with both Russia and China. Defense spending is skyrocketing in response to these proxy wars.

2 years ago - Seeking Alpha