In the past week, the Invesco Aerospace & Defense ETF (Symbol: PPA) experienced a significant outflow of approximately $427.3 million, equating to a 4.8% decrease in shares outstanding, dropping from 49,530,000 to 47,140,000. This decline occurred amidst a slight downturn in its major underlying stocks, with Lockheed Martin Corp (LMT) falling by 1.1%, General Dynamics Corp (GD) by 0.2%, and Parker Hannifin Corp (PH) by 1.6%.
PPA has seen a 52-week trading range with a low of $141.36 per share and a high of $186.30, closing recently at $176.44. Investors are monitoring these share changes due to potential impacts on the underlying components held within the ETF.
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