PPA Is a One-Ticker Bet on Rising Defense Spending. Nearly 30% of Holdings Are in Just Four Stocks

PPA Is a One-Ticker Bet on Rising Defense Spending. Nearly 30% of Holdings Are in Just Four Stocks →

Defense budgets are soaring on both sides of the Atlantic, and one ETF promises to capture the entire boom in a single trade. But a closer look at what you actually own when you buy it reveals a far more concentrated story than the 63-stock…