The Invesco Aerospace & Defense ETF (PPA) reported a significant inflow of approximately $228.7 million, leading to a 3.3% week-over-week increase in outstanding units, rising from 43,640,000 to 45,100,000. This change highlights robust investor interest in the ETF which tracks the performance of aerospace and defense companies.
As of the latest trade, PPA shares are priced at $157.56, situated between a 52-week low of $100.39 and a high of $160.495. Key underlying components include Northrop Grumman Corp (NOC) and General Dynamics Corp (GD), both up about 0.5%, and L3Harris Technologies Inc (LHX), which is up approximately 0.8%.
The performance of PPA can be further analyzed against its 200-day moving average, providing insights into market trends for investors.
