Invesco Aerospace & Defense ETF (PPA)
| Assets | $8.24B |
| Expense Ratio | 0.58% |
| PE Ratio | 37.55 |
| Shares Out | 45.45M |
| Dividend (ttm) | $0.66 |
| Dividend Yield | 0.36% |
| Ex-Dividend Date | Sep 22, 2025 |
| Payout Ratio | 13.81% |
| 1-Year Return | +57.23% |
| Volume | 190,493 |
| Open | 179.27 |
| Previous Close | 180.32 |
| Day's Range | 178.87 - 181.21 |
| 52-Week Low | 100.39 |
| 52-Week High | 182.44 |
| Beta | 0.76 |
| 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
61.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Lockheed Martin Corporation | LMT | 9.02% |
| GE Aerospace | GE | 8.57% |
| The Boeing Company | BA | 8.35% |
| RTX Corporation | RTX | 8.30% |
| Northrop Grumman Corporation | NOC | 6.04% |
| General Dynamics Corporation | GD | 4.73% |
| Howmet Aerospace Inc. | HWM | 4.45% |
| Honeywell International Inc. | HON | 4.41% |
| L3Harris Technologies, Inc. | LHX | 4.12% |
| Parker-Hannifin Corporation | PH | 3.35% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Jun 24, 2024 | $0.13929 | Jun 28, 2024 |
News
Locked And Loaded: Defense Companies Enter A New Era
Defense contractors are entering a new era as key pillars of the industrial base, driven by robust, less cyclical demand and government-backed capacity expansion. Book-to-bill ratios and backlogs at L...
The $1.2 Trillion Aerospace And Defense Supercycle
The aerospace and defense sector is experiencing parallel growth in commercial and defense markets, with revenues projected to rise from $800B in 2025 to $1.25T by the mid-2030s. Commercial aerospace ...
PPA: This Defense ETF's Massive 2025 Outperformance Could Continue
Invesco Aerospace & Defense ETF (PPA) remains a compelling buy, with accelerating price momentum driven by heightened global defense spending and geopolitical tensions. PPA outperformed the S&P 500 in...
PPA: Increased Defense Spending Make This ETF A Buy
Invesco Aerospace & Defense ETF is rated Buy, driven by President Trump's proposed $1.5T defense budget and robust U.S. military actions. PPA consistently outperforms the S&P 500, with a 10-year total...
Venezuela Shockwaves: Trump's Military Posture Fuels Fresh Defense ETF Trade
The recent U.S. military operation in Venezuela reignited global attention on geopolitical risks. While this supports an eventual ramp-up of government defense budgets, investors are increasingly view...
PPA Over ITA: A Better Way To Play The Global Defense Spending Boom
The Invesco Aerospace & Defense ETF earns a strong buy rating for its superior diversification and risk-adjusted returns vs. the iShares U.S. Aerospace & Defense ETF. PPA's modified market-cap approac...
PPA: Accelerated Defense Spending Will Provide Further Momentum
PPA has been on a sharp rally since its lows during the first week of April. Trading above $150, prospects of major underlying assets look good enough for further gains. Global defense spending has ac...
US Defense ETFs Could Gain Ground As Europe's War Premium Deflates
European defense stocks experienced a sharp sell-off this week, reminding investors just how news-oriented the sector can be.
PPA: The Trend And Fundamentals Remain Bullish
Geopolitical tensions and rising global defense budgets are driving sustained demand for military equipment, benefiting leading defense contractors and the Invesco Aerospace & Defense ETF. U.S. and NA...
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...
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...
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...
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...
This Defense Stock Could Hit $170 'Before Year-End,' Expert Explains Why
Rising geopolitical tensions have investors interested in defense stocks.
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...
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...
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...
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.
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...