Invesco Aerospace & Defense ETF Sees Significant Inflow Amid Market Movement
In a noteworthy update from ETF Channel, the Invesco Aerospace & Defense ETF (Symbol: PPA) has observed a remarkable inflow of approximately $212.7 million. This influx represents a 4.7% increase in shares outstanding, climbing from 39,130,000 to 40,980,000 units. Notably, some of PPA’s largest components are actively trading, with Lockheed Martin Corp (Symbol: LMT) rising about 0.3%, Northrop Grumman Corp (Symbol: NOC) increasing about 0.5%, and Axon Enterprise Inc (Symbol: AXON) experiencing a slight decline of about 0.7%. For a detailed look at the holdings, visit the PPA Holdings page »
The chart below illustrates the one-year price performance of PPA in comparison to its 200-day moving average:
PPA has seen a significant price range over the past year, with a low of $88.93 per share and a high of $124.89. The latest trade stands at $115.53. Using the 200-day moving average as a technical analysis tool can provide further insights into market trends — learn more about the 200-day moving average ».
Exchange-traded funds (ETFs) operate similarly to stocks, but instead of “shares,” investors trade “units.” These units can be freely exchanged, created, or destroyed based on market demand. Every week, we analyze changes in shares outstanding to spotlight ETFs that are either gaining (new units created) or losing (units removed) market interest. When new units are created, the underlying assets of the ETF must be acquired. Conversely, when units are destroyed, it necessitates the sale of those assets, which can influence the individual stocks held in the ETF.
Click here to discover which 9 other ETFs had notable inflows »
Also see:
- Funds Holding HGAS
- TNC Dividend Growth Rate
- VAR Price Target
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
