Aerospace and defense ETFs rise Friday, on pace for weekly gains
Exchange-traded funds that target aerospace and defense stocks were gaining Friday afternoon, adding to weekly gains.
The SPDR S&P Aerospace & Defense ETF and Invesco Aerospace & Defense ETF were each up 0.7%, while the iShares U.S. Aerospace & Defense ETF rose 0.6%, according to FactSet data, at last check.
For the week, shares of the SPDR fund were up 1.2%, the Invesco ETF was on track to rise 1.4% and the iShares U.S. Aerospace & Defense ETF was on pace for a 1.8% gain. That compares with 0.2% weekly decline for the S&P 500 index as of Friday afternoon.