PPA Stock Summary and Trading Ideas (Invesco Aerospace & Defense ETF | ARCA:PPA)

The Invesco Aerospace & Defense ETF (Fund) is based on the SPADE Defense Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of US defense, homeland security and aerospace operations. The Fund and the Index are rebalanced and reconstituted quarterly.

Invesco Aerospace & Defense ETF trades on the ARCA stock market under the symbol PPA.

As of April 17, 2024, PPA stock price declined to $98.28 with 192,843 million shares trading.

PPA has a beta of 0.87, meaning it tends to be less sensitive to market movements. PPA has a correlation of 0.60 to the broad based SPY ETF.

PPA has a market cap of $2.96 billion. This is considered a Mid Cap stock.

In the last 3 years, PPA stock traded as high as $102.00 and as low as $64.48.

PPA stock has underperformed the market in the last year with a return of +21.2%, while SPY returned +22.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PPA shares. However, PPA has outperformed the market in the last 3 month and 2 week periods, returning +10.4% and -1.9%, while SPY returned +6.3% and -3.6%, respectively. This indicates PPA has been having a stronger performance recently.

PPA support price is $97.84 and resistance is $99.58 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PPA stock will trade within this expected range on the day.