Invesco Aerospace & Defense ETF (PPA)
| Assets | $8.16B |
| Expense Ratio | 0.58% |
| PE Ratio | 36.59 |
| Shares Out | 47.92M |
| Dividend (ttm) | $0.64 |
| Dividend Yield | 0.37% |
| Ex-Dividend Date | Jun 22, 2026 |
| Payout Frequency | Quarterly |
| Payout Ratio | 13.71% |
| Volume | 152,781 |
| Open | 172.00 |
| Previous Close | 171.69 |
| Day's Range | 169.46 - 172.00 |
| 52-Week Low | 144.29 |
| 52-Week High | 186.30 |
| Beta | 0.75 |
| Holdings | 63 |
| 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
53.37% of assets| Name | Symbol | Weight |
|---|---|---|
| RTX Corporation | RTX | 8.09% |
| The Boeing Company | BA | 6.96% |
| GE Aerospace | GE | 6.78% |
| Lockheed Martin Corporation | LMT | 6.48% |
| General Dynamics Corporation | GD | 4.84% |
| Northrop Grumman Corporation | NOC | 4.79% |
| Howmet Aerospace Inc. | HWM | 4.27% |
| Parker-Hannifin Corporation | PH | 3.81% |
| L3Harris Technologies, Inc. | LHX | 3.79% |
| Axon Enterprise, Inc. | AXON | 3.55% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Dec 23, 2024 | $0.31199 | Dec 27, 2024 |
Performance
PPA had a total return of 14.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.42%.
News
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
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.
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...
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 ...
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...