PPA ETF

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 10/26/2005.

For investors seeking momentum, Aerospace & Defense Invesco ETF PPA is probably on the radar. The fund just hit a 52-week high and is up 48.37% from its 52-week low price of $77.50/share.

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 something: Not something that can affect domestic sales, but rather put a ceiling on growth for years to come. The Polish and South Korean mega-deal, worth $23 billion, is just one example of US defense majors failing to tap opportunities abroad.

If you're interested in broad exposure to the Industrials - Aerospace & Defense segment of the equity market, look no further than the Invesco Aerospace & Defense ETF (PPA), a passively managed exchange traded fund launched on 10/26/2005.

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 projections should support the continued growth of PPA's holdings. In addition, a Republican Senate, which is the likely outcome for 2025, typically results in larger-than-average spending increases. PPA's factor mix is superior to peers like ITA, XAR, MISL, and GCAD. In particular, I like its strong diversification, risk, and quality features, and its 15% estimated earnings growth.

LAS VEGAS , July 31, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company for GBank (the "Bank"), is pleased to share the press release of BankCard Services, LLC ("BCS"). BCS, a technology company specializing in enabling financial institutions to participate in cashless gaming, announced the welcoming of MassPay as a New PPA Client.

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 since February but continues to outperform peer defense ETFs. While the defense budget will likely remain high in the short term, higher spending as a percentage of GDP increases the likelihood of spending cuts in the long run.

Investors looking for momentum may have their eye on Aerospace & Defense Invesco ETF PPA, which recently reached a 52-week high and has increased by 33.81% from its lowest price of $77.17/share.

PPA is a top-performing Aerospace & Defense ETF that has outperformed the market by 5% since my August 2023 review. While the fees are high at 0.58%, they are justified due to its superior strategy. In comparison to competitors like XAR and ITA, PPA offers better diversification with 51 stocks across 12 sub-industries. The lower allocation to Boeing is seen as a key advantage. Despite trading at a higher valuation compared to benchmarks like XLI and SPY, PPA becomes more attractive after adjusting for non-profitable stocks when compared to XAR and ITA.