Invesco Aerospace & Defense ETF

PPA

Market cap $6.39B

A $93 million US weapon sale to India puts the spotlight on defense stocks like LMT and, by extension, fuels momentum for defense ETFs like SHLD.

Defense ETFs like XAR and ITA slipped in November, but long-term prospects remain strong amid surging global defense spending.

A fragile Gaza ceasefire and renewed violence are fueling investor demand for defense ETFs like ITA, SHLD and PPA.

Defense ETFs surge ahead of Q3 earnings, fueled by record military spending and global demand for advanced defense tech.

Defense ETFs are set to rally as the U.S.-UK Technology Prosperity Deal fuels AI-driven defense growth with $350B investment.

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 accelerated. 23 of the 27 EU members who are a part of the NATO alliance have committed to outlays amounting to at least 3.5% of their GDP. Canada has also shown interest in joining hands with the United States for the "Golden Dome" missile defense shield project.

Defense ETFs surged as NATO airspace breaches by Russian drones and a major spending pledge fueled investor demand.

Over the last 100 trading days, or roughly five months, the S&P 500 Index (SPX) has surged more than 25%.

Designed to provide broad exposure to the Industrials - Aerospace & Defense segment of the equity market, the Invesco Aerospace & Defense ETF (PPA) is a passively managed exchange traded fund launched on October 26, 2005.

Various strategies for tracking the aerospace and defense industry have made good money for investors over the past 10 years.