(PPA) Invesco Aerospace & Defense - Ratings and Ratios

The Invesco Aerospace & Defense ETF (NYSE ARCA: PPA) is designed to track the performance of companies critical to the U.S. defense and security sectors. The fund invests at least 90% of its total assets in securities from its underlying index, which focuses on firms involved in defense, military, national security, and government space operations. As a non-diversified fund, it may concentrate its investments in a smaller number of securities. Additional details about the fund can be found at http://www.invesco.com/us.

Ticker Symbol: PPA | Exchange: NYSE ARCA | Type: ETF | Country Origin: USA | ETF Category: Industrials

Key technical levels for PPA include a resistance point at 123.6 and support levels at 116.7, 107.8, and 103.0. The funds current price of 119.79 is trading between its 20-day and 50-day simple moving averages (114.48 and 115.64, respectively), but above its 200-day SMA of 114.76, suggesting potential trend strength. The Average True Range (ATR) of 3.33 indicates moderate volatility, while the 20-day average volume of 140,000 shares reflects decent liquidity.

With assets under management (AUM) of $4,499.55 million, PPA is a substantial fund in its category, offering exposure to the aerospace and defense industries. Its size typically corresponds with lower expense ratios and higher trading volumes compared to smaller funds.

3-Month Forecast: Based on technical and fundamental analysis, PPA is expected to trade within a range of 107.8 to 123.6 over the next three months. The funds price is currently near the lower end of its recent range, with potential for a bullish reversal if it breaks above 116.7. However, broader market conditions, geopolitical developments, and sector-specific news could influence its trajectory. Investors should monitor macroeconomic trends, defense spending policies, and earnings reports from key holdings during this period.