European data center power purchase agreement (PPA) volumes fell from 4.2 gigawatts (GW) in 2024 to 2.6 GW in 2025, even as capacity buildout accelerated sharply. The drop reflects offshore wind delays and increased challenges in agreeing on PPA price points due to falling…
Invesco Aerospace & Defense ETF(PPA · ETF)
ETF quote, holdings, sector allocation, technicals, and options analytics.
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
Snapshot
$169.67
- 52-Week Range
- $132.54 – $186.30
- YTD
- +5.29%
- IV Rank (30D)
- 3.0
- Straddle Price
- $10.50
- P/C Vol Ratio
- 0.07
Info
Invesco Aerospace & Defense ETF (PPA) ETF
- Exchange
- ARCX
- Inception
- 2005-10-26
- Has Options
- Yes
ETF Profile
holdings as of 2026-06-06
Holdings
63
AUM
$8.0B
Provider
Invesco
Inception
2005-10-26
Exchange
ARCX
Data As Of
2026-06-06
Expense Ratio
—
Dividend Yield
0.38%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-03-23 | 2026-03-27 | $0.0461 | CD |
| 2025-09-22 | 2025-09-26 | $0.4549 | CD |
| 2025-06-23 | 2025-06-27 | $0.1550 | CD |
| 2025-03-24 | 2025-03-28 | $0.0489 | CD |
| 2024-12-23 | 2024-12-27 | $0.3120 | CD |
| 2024-09-23 | 2024-09-27 | $0.1330 | CD |
Asset Allocation
Top Holdings
top 50 of 63 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| GE | General Electric Co | 8.72% | Equity (US) | — |
| BA | Boeing Co/The | 8.42% | Equity (US) | — |
| RTX | RTX Corp | 7.23% | Equity (US) | — |
| LMT | Lockheed Martin Corp | 6.39% | Equity (US) | — |
| GD | General Dynamics Corp | 4.47% | Equity (US) | — |
| HON | Honeywell International Inc | 4.30% | Equity (US) | — |
| HWM | Howmet Aerospace Inc | 4.25% | Equity (US) | — |
| NOC | Northrop Grumman Corp | 4.13% | Equity (US) | — |
| RKLB | Rocket Lab Corp | 3.63% | Equity (US) | — |
| LHX | L3Harris Technologies Inc | 3.56% | Equity (US) | — |
| PH | Parker-Hannifin Corp | 3.56% | Equity (US) | — |
| ESLT | Elbit Systems Ltd | 3.45% | Equity (US) | — |
| TDG | TransDigm Group Inc | 2.75% | Equity (US) | — |
| APH | Amphenol Corp | 2.16% | Equity (US) | — |
| ETN | Eaton Corp PLC | 2.11% | Equity (US) | — |
| AXON | Axon Enterprise Inc | 1.99% | Equity (US) | — |
| CW | Curtiss-Wright Corp | 1.73% | Equity (US) | — |
| ATI | ATI Inc | 1.52% | Equity (US) | — |
| CRS | Carpenter Technology Corp | 1.50% | Equity (US) | — |
| HEI | HEICO Corp | 1.49% | Equity (US) | — |
| WWD | Woodward Inc | 1.25% | Equity (US) | — |
| PLTR | Palantir Technologies Inc | 1.18% | Equity (US) | — |
| TXT | Textron Inc | 1.15% | Equity (US) | — |
| BWXT | BWX Technologies Inc | 1.03% | Equity (US) | — |
| HII | Huntington Ingalls Industries Inc | 1.00% | Equity (US) | — |
| DRS | Leonardo DRS Inc | 0.96% | Equity (US) | — |
| KEYS | Keysight Technologies Inc | 0.94% | Equity (US) | — |
| KTOS | Kratos Defense & Security Solutions Inc | 0.91% | Equity (US) | — |
| PL | Planet Labs PBC | 0.90% | Equity (US) | — |
| CACI | CACI International Inc | 0.89% | Equity (US) | — |
| LDOS | Leidos Holdings Inc | 0.82% | Equity (US) | — |
| AVAV | AeroVironment Inc | 0.82% | Equity (US) | — |
| TDY | Teledyne Technologies Inc | 0.79% | Equity (US) | — |
| — | Moog Inc | 0.74% | Equity (US) | — |
| SARO | StandardAero Inc | 0.73% | Equity (US) | — |
| CAE | CAE Inc | 0.72% | Equity (US) | — |
| VSAT | Viasat Inc | 0.70% | Equity (US) | — |
| TTMI | TTM Technologies Inc | 0.69% | Equity (US) | — |
| BAH | Booz Allen Hamilton Holding Corp | 0.65% | Equity (US) | — |
| MRCY | Mercury Systems Inc | 0.61% | Equity (US) | — |
| HXL | Hexcel Corp | 0.60% | Equity (US) | — |
| AIR | AAR Corp | 0.41% | Equity (US) | — |
| KRMN | Karman Holdings Inc | 0.40% | Equity (US) | — |
| SAIC | Science Applications International Corp | 0.34% | Equity (US) | — |
| AMTM | Amentum Holdings Inc | 0.33% | Equity (US) | — |
| LOAR | Loar Holdings Inc | 0.32% | Equity (US) | — |
| RDW | Redwire Corp | 0.31% | Equity (US) | — |
| KBR | KBR Inc | 0.29% | Equity (US) | — |
| OSK | Oshkosh Corp | 0.25% | Equity (US) | — |
| FLY | Firefly Aerospace Inc | 0.24% | Equity (US) | — |
Geographic Breakdown
Fund Holdings
Invesco Aerospace & Defense ETF ·
NPORT-P period 2026-04-30
(filed 2026-03-30)
Net assets:
$7.81B
· 62 total positions
· equity 100.06%
· non-equity 5.22%
| # | Symbol | Issuer | Weight | Value |
|---|---|---|---|---|
| 1 | Lockheed Martin Corp. | Lockheed Martin Corp. | 9.08% | $709.2M |
| 2 | RTX Corp. | RTX Corp. | 8.74% | $683.0M |
| 3 | Boeing Co. (The) | Boeing Co. (The) | 8.71% | $680.3M |
| 4 | General Electric Co. | General Electric Co. | 7.88% | $615.2M |
| 5 | Northrop Grumman Corp. | Northrop Grumman Corp. | 6.11% | $477.4M |
| 6 | General Dynamics Corp. | General Dynamics Corp. | 4.97% | $388.6M |
| 7 | L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | 4.26% | $332.5M |
| 8 | Honeywell International Inc. | Honeywell International Inc. | 4.25% | $332.3M |
| 9 | Howmet Aerospace Inc. | Howmet Aerospace Inc. | 3.66% | $286.1M |
| 10 | Parker-Hannifin Corp. | Parker-Hannifin Corp. | 3.18% | $248.4M |
| 11 | TransDigm Group Inc. | TransDigm Group Inc. | 2.85% | $222.3M |
| 12 | Elbit Systems Ltd. | Elbit Systems Ltd. | 2.72% | $212.6M |
| 13 | Amphenol Corp., Class A | Amphenol Corp. | 2.50% | $195.4M |
| 14 | Rocket Lab Corp. | Rocket Lab Corp. | 1.78% | $139.3M |
| 15 | Eaton Corp. PLC | Eaton Corp. PLC | 1.71% | $133.4M |
| 16 | Axon Enterprise, Inc. | Axon Enterprise, Inc. | 1.47% | $115.0M |
| 17 | Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc. | 1.45% | $113.3M |
| 18 | Curtiss-Wright Corp. | Curtiss-Wright Corp. | 1.39% | $108.9M |
| 19 | HEICO Corp. | HEICO Corp. | 1.37% | $107.1M |
| 20 | Leidos Holdings, Inc. | Leidos Holdings, Inc. | 1.34% | $104.4M |
| 21 | Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | 1.31% | $102.7M |
| 22 | AeroVironment, Inc. | AeroVironment, Inc. | 1.16% | $90.6M |
| 23 | BWX Technologies, Inc. | BWX Technologies, Inc. | 1.12% | $87.2M |
| 24 | Palantir Technologies Inc., Class A | Palantir Technologies Inc. | 1.10% | $85.6M |
| 25 | Woodward, Inc. | Woodward, Inc. | 1.05% | $82.4M |
Showing top 25 of 60 equity holdings.
Non-equity holdings
— 2 positions,
5.22% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Short-term investment | 5.22% | $407.8M | 2 |
Daily issuer data also available
(2026-06-08)
via ETF Constituents
Price History
Seasonality
| Month | Avg Return | Years of Data |
|---|---|---|
| Jan | +2.04% | 6 |
| Feb | +3.33% | 6 |
| Mar | -0.66% | 6 |
| Apr | +0.12% | 6 |
| May | +2.08% | 6 |
| Jun | +0.33% | 6 |
| Jul | +2.07% | 5 |
| Aug | -0.92% | 5 |
| Sep | -2.06% | 5 |
| Oct | +4.32% | 5 |
| Nov | +1.18% | 5 |
| Dec | +1.86% | 5 |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $170.75
SMA 50: $170.13
SMA 200: $163.68
Current: $169.76
EMA 12: $171.62
EMA 26: $170.92
MACD: 0.7031 | Signal: -0.0877
BULLISH
ADX (14): 17.00
RANGE
+DI: 21.26
−DI: 20.13
Momentum Oscillators
RSI (14): 47.89
NEUTRAL
Stoch %K: 50.63
Stoch %D: 52.80
Williams %R: -59.57
Volume & Volatility
BB Upper: $177.91
BB Lower: $163.59
NEUTRAL
OBV: 4,271,407
Vol SMA 20: 220,024
Vol ROC: 5.60%
ATR: $3.37
True Range: $2.95
HV 20: 23.8%
HV 30: 22.8%
HV 60: 23.9%
Data Summary
Data Points: 500
Last Updated: 2026-06-08T21:15:13.919000
Date Range: 2024-06-10T00:00:00 – 2026-06-08T00:00:00
AI Analysis
Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.
Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.
News
Options Activity
- IV Rank (30D)
- 3.0
- IV Rank (7D)
- 100
- Avg IV
- 23.5%
- Straddle (30D)
- $10.50
- Straddle (7D)
- $5.95
- P/C Volume
- 0.07
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR25 and BF25 from the live options chain. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Volatility Surface
Enter a ticker to render the implied volatility surface.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
- Beta (1Y vs SPY)
- 0.96
- Correlation (SPY)
- 60.6%
- R²
- 0.37
- Ann. Volatility
- 19.2%
- SPY Volatility
- 12.1%
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Price | 1 Day | 1 Week | 1 Month |
|---|