ETFs that buy aerospace and defense stocks climb sharply

Exchange-traded funds that target aerospace and defense stocks were climbing sharply Friday morning, surpassing the S&P 500’s modest rise in morning trade, according to a recent check of FactSet data.

The iShares U.S. Aerospace and Defense ETF was up 2.4% on Friday morning, while the SPDR S&P Aerospace & Defense ETF rallied 2.1% and the Invesco Aerospace & Defense ETF advanced 1.7%, according to a recent check of FactSet data. The S&P 500 was up 0.3% in morning trade.