Invesco Aerospace & Defense ETF (PPA)
| Assets | $4.57B |
| Expense Ratio | 0.57% |
| PE Ratio | 38.69 |
| Shares Out | 38.35M |
| Dividend (ttm) | $0.65 |
| Dividend Yield | 0.54% |
| Ex-Dividend Date | Sep 23, 2024 |
| Payout Ratio | 20.97% |
| 1-Year Return | +48.80% |
| Volume | 121,678 |
| Open | 119.84 |
| Previous Close | 119.29 |
| Day's Range | 119.00 - 120.16 |
| 52-Week Low | 79.33 |
| 52-Week High | 120.16 |
| Beta | 0.93 |
| Holdings | 55 |
| 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
56.59% of assets| Name | Symbol | Weight |
|---|---|---|
| Lockheed Martin Corporation | LMT | 7.48% |
| RTX Corporation | RTX | 7.46% |
| General Electric Company | GE | 7.19% |
| The Boeing Company | BA | 6.94% |
| Northrop Grumman Corporation | NOC | 5.64% |
| General Dynamics Corporation | GD | 5.16% |
| Honeywell International Inc. | HON | 4.66% |
| Howmet Aerospace Inc. | HWM | 4.11% |
| L3Harris Technologies, Inc. | LHX | 4.05% |
| Parker-Hannifin Corporation | PH | 3.90% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 23, 2024 | $0.13298 | Sep 27, 2024 |
| Jun 24, 2024 | $0.13929 | Jun 28, 2024 |
| Mar 18, 2024 | $0.11448 | Mar 22, 2024 |
| Dec 18, 2023 | $0.26577 | Dec 22, 2023 |
| Sep 18, 2023 | $0.11692 | Sep 22, 2023 |
| Jun 20, 2023 | $0.12736 | Jun 23, 2023 |
News
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.
Disruptive Theme of the Week: Top ETF Themes Through Q3 2024
As we face the last quarter of 2024, interest rates are finally heading down, kicked off by a 50 basis point Fed cut, the election race is too close to call, and global geopolitical instability remain...
On the Radar With Aerospace and Defense ETFs
Like many analysts and investors, I'm always searching for the next big idea—whether it's a new company that creates a path to a whole new industry, an innovative ETF, or a new megatrend. I'm still an...
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...
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...
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...
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...
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.
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...
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.
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...
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...
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...
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...
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.
Invesco Aerospace & Defense ETF: A Changing World Order
Defense expenditure by NATO members has been gradually increasing since 2017; however, many NATO members are still spending less than the 2% NATO guideline. There are multiple catalysts which will sup...
Industry Outlook 2022: Bracing For The Energy Impact
The manufacturing sector continues to be plagued by supply chain problems while demand is weakening. A post-pandemic reshuffle is in the making, with demand weakening and supply becoming less disrupte...
PPA: Defense Spending Benefits From Major Tailwinds
PPA did relatively well compared to the market since my previous article. The fund outperformed the S&P 500 by more than 10 percentage points in one of the most volatile markets. The war in Ukraine, a...
PPA: Targeted Exposure To Aerospace And Defense Leaders
Defense stocks have outperformed this year amid heightened geopolitical tensions. The fund is well-positioned to benefit as governments increase military spending over the next several years.
PPA- When The Tides Change And The Market Shifts...Ride The Wave
Defense stocks in play after Russia invades the Ukraine.
PPA Is A Winner Of Big Government Spending
It is estimated that the US government will spend ~$915 billion on Defense in 2031, which is approximately 28% higher than the 2020 budget. The main beneficiaries are the companies in Aerospace and De...
History Suggests Defense Stocks Will Surge In 2022
Historical cycles in the sector indicate that aerospace and defense stocks are positioned for a major, multi-year rebound. A mounting list of geopolitical and economic items appear on our Wall of Worr...