ETF Watching: PowerShares Aerospace & Defense ETF (PPA) Rises 0.57% for Nov 23

November 23, 2016 - By Winifred Garcia   ·   0 Comments

Nov 23 is a positive day so far for PowerShares Aerospace & Defense ETF (NYSEARCA:PPA) as the ETF is active during the day after gaining 0.57% to hit $42.41 per share. The exchange traded fund has 395.95M net assets and 1.02% volatility this month.

Over the course of the day 23,184 shares traded hands, as compared to an average volume of 79,800 over the last 30 days for PowerShares Aerospace & Defense ETF (NYSEARCA:PPA).

The ETF is 1.04% of its 52-Week High and 36.90% of its low, and is currently having ATR of 0.54. This year’s performance is 18.31% while this quarter’s performance is 6.34%.

The ETF’s YTD performance is 9.11%, the 1 year is 9.61% and the 3 year is 11.57%.

The ETF’s average P/E ratio is 17.65, the price to book is 3.63, the price to sales is 1.3 and the price to cashflow is 11.72. It was started on 10/26/2005. The fund’s top holdings are: Boeing Company (The) Common Sto for 7.48% of assets, Lockheed Martin Corporation Com for 6.94%, United Technologies Corporation for 6.90%, Honeywell International Inc. Co for 6.55%, General Dynamics Corporation Co for 6.50%, Northrop Grumman Corporation Co for 5.78%, Raytheon Company Common Stock for 5.70%, Ball Corporation Common Stock for 3.94%, Transdigm Group Incorporated Tr for 3.83%, Harris Corporation Common Stock for 3.80%. The ETF sector weights are: Basic Materials 0.04%, Consumer Cyclical 3.92%, Industrials 80.47%, Technology 15.56%. The ETF currently as 1.85% yield.

More notable recent PowerShares Aerospace & Defense (ETF) (NYSEARCA:PPA) news were published by: Etfdailynews.com which released: “3 ETFs To Play The Aerospace and Defense Sector” on August 27, 2013, also Etftrends.com with their article: “National Security Concerns Fuel Aerospace & Defense ETFs” published on November 25, 2015, Zacks.com published: “Should You Buy Aerospace amp; Defense ETFs Now?” on October 05, 2016. More interesting news about PowerShares Aerospace & Defense (ETF) (NYSEARCA:PPA) were released by: Benzinga.com and their article: “Lasting Market Impacts From The Paris Attacks” published on November 18, 2015 as well as Forbes.com‘s news article titled: “Paris Attacks: How To Invest In The Fight Against Terrorism” with publication date: November 17, 2015.

PowerShares Aerospace & Defense Portfolio seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The ETF has a market cap of $395.95 million. The Index is designed to identify a group of companies involved in the development, manufacturing, activities and support of the United States defense, homeland security and aerospace operations. It has a 15.37 P/E ratio. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually.

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By Winifred Garcia


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