(PPA) Invesco Aerospace & Defense - Ratings and Ratios

The Invesco Aerospace & Defense ETF (NYSE ARCA:PPA) is an exchange-traded fund that tracks an underlying index comprising common stocks of companies crucial to the defense sector, including those involved in the development, manufacture, operation, and support of U.S. defense, military, national/homeland security, and government space operations. The fund is non-diversified, indicating a concentrated investment approach.

Key characteristics of PPA include its investment strategy, where at least 90% of its total assets are invested in securities that make up the underlying index. This suggests a high level of tracking accuracy to the indexs performance. The funds focus on the aerospace and defense sector provides investors with exposure to companies that are systematically important to U.S. defense and security operations.

From a performance perspective, PPA has shown significant metrics that can be analyzed using various Key Performance Indicators (KPIs). For instance, its 52-week high and low ($147.37 and $102.76, respectively) indicate a considerable range, suggesting volatility. The funds current price is $147.37, which is at its 52-week high, indicating a strong recent performance. The Average True Range (ATR) of 1.89, or 1.28%, further quantifies this volatility, providing insight into the funds recent price movements.

Additional KPIs that could be considered for evaluating PPA include its expense ratio, trading volume, and the composition of its underlying index. The Assets Under Management (AUM) of $6.021 billion USD is a significant size, indicating substantial investor interest. The funds categorization under Industrials and its origin in the USA are also relevant factors. Investors may also be interested in the funds dividend yield, historical returns (1-year, 3-year, 5-year), and how it compares to its peers and benchmark index.

Support levels for PPA, as identified, are $123.6, $116.9, $107.7, $103.8, and $100.0. These levels are crucial for understanding potential downside risks and areas where the funds price might stabilize or bounce back. The presence of multiple support levels below the current price indicates potential buffers against significant declines, although the funds non-diversified nature may amplify risks.