Invesco Aerospace & Defense ETF (PPA)
| Assets | $8.05B |
| Expense Ratio | 0.58% |
| PE Ratio | 33.00 |
| Shares Out | 47.28M |
| Dividend (ttm) | $0.66 |
| Dividend Yield | 0.39% |
| Ex-Dividend Date | Mar 23, 2026 |
| Payout Frequency | Quarterly |
| Payout Ratio | 12.72% |
| Volume | 195,925 |
| Open | 169.28 |
| Previous Close | 167.93 |
| Day's Range | 168.72 - 170.52 |
| 52-Week Low | 128.11 |
| 52-Week High | 186.30 |
| Beta | 0.73 |
| Holdings | 62 |
| 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
55.90% of assets| Name | Symbol | Weight |
|---|---|---|
| The Boeing Company | BA | 8.72% |
| GE Aerospace | GE | 8.15% |
| RTX Corporation | RTX | 7.11% |
| Lockheed Martin Corporation | LMT | 6.43% |
| Honeywell International Inc. | HON | 4.57% |
| Howmet Aerospace Inc. | HWM | 4.46% |
| General Dynamics Corporation | GD | 4.44% |
| Northrop Grumman Corporation | NOC | 4.23% |
| Rocket Lab Corporation | RKLB | 4.20% |
| L3Harris Technologies, Inc. | LHX | 3.59% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 23, 2024 | $0.31199 | Dec 27, 2024 |
| Sep 23, 2024 | $0.13298 | Sep 27, 2024 |
Performance
PPA had a total return of 31.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.61%.
News
The Pentagon's AI Pivot Supercharges Defense Stocks
The Department of Defense is aggressively reallocating capital away from legacy manned platforms in favor of autonomous artificial intelligence-driven tactical networks and high-altitude hypersonic tr...
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...
Poland signs first loan deal as part of EU defence spending push
Poland has signed its loan agreement under a European Union defence financing programme, securing 43.7 billion euros to strengthen its military as the bloc steps up efforts to boost security amid he...
Taiwan parliament approves extra defence spending but less than government wanted
Taiwan's opposition-controlled parliament on Friday approved $25 billion in extra defence spending, around two-thirds of the much larger package the government had asked for to bolster the armed ...
'NO MISTAKE': Rubio sends BLUNT message on US military move
Divergent Technologies CEO Lukas Czinger joins 'Mornings with Maria' to detail how AI and 3D printing are slashing missile costs and accelerating U.S. military production.
Israel approves plan to buy F-35 and F-15I aircraft from US
Israel gave final approval for a plan to purchase two new combat squadrons of F-35 and F-15Ia aircraft from Lockheed Martin and Boeing in a deal worth tens of billions shekels, the defe...
UK sticks with Ajax military vehicles after safety issues
Britain's defence readiness minister Luke Pollard said he had agreed to restart the army's acceptance of Ajax armoured vehicles from General Dynamics with strict controls focused on improving the ex...
U.S. Air Force To Fly B-1B Lancer And B-2 Spirit Well Into Late 2030s
The United States Air Force has no plans to retire its remaining fleet of Boeing B-52 Stratofortress bombers for at least a couple more decades, and the old "BUFFs" as they are known, will be in servi...
Canada is still reviewing plan to buy US fighter jets, defence minister says
Canada is still reviewing its plan to buy 88 Lockheed Martin F-35 fighter jets, defence minister David McGuinty told a parliamentary committee on Monday, saying Ottawa could also purcha...
The Pentagon is putting industry on a key 'Golden Dome' weapon that military leaders have said might ultimately be too expensive
Twelve defense companies have been picked for initial work on space-based interceptors for the US' Golden Dome. These interceptors are the costliest and most complex parts of Golden Dome.
A Greener Game: Veolia Helps Power Pickleball's Sustainable Growth in Third Year with Professional Pickleball Association (PPA)
ATLANTA--(BUSINESS WIRE)--As pickleball continues its rapid rise as America's fastest growing sport, Veolia is entering the third year of its partnership with the Professional Pickleball Association (...
GE, RTX & Bullish Case for Defense Stocks in 2026
Defense stocks will be some of the key names to move the stock market higher, says Kevin Mahn. He points to the Trump administration's push for a $1.5 trillion defense budget and lasting geopolitical ...
Disruptive Theme of the Week: ETF Ramifications of the Iran War
Since the start of Operation Epic Fury at the end of February, Brent crude oil prices have risen as high as $150 a barrel as the Strait of Hormuz has been effectively closed by Iran. Panic over suppl...
ETF Prime: Defense ETFs Draw Billions Amid Global Tensions
Key Takeaways: Defense ETFs now hold $42 billion in assets with $9 billion in inflows this year amid rising geopolitical tensions. Eight out of nine new defense ETF launches since 2025 have been globa...
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.
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.
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...