We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
For investors seeking momentum, iShares U.S. Aerospace & Defense ETF (ITA - Free Report) is probably on the radar now. The fund just hit a 52-week high and is up 60.42% from its 52-week low price of $129.14/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
ITA in Focus
The underlying Dow Jones U.S. Select Aerospace & Defense Index measures the performance of the aerospace and defense sector of the U.S. equity market. The product charges 38 bps in annual fees (See: All Industrials ETFs).
Why the Move?
The Aerospace and Defense sector has been an area to watch lately, given the complicated geopolitical landscape. Increased defense spending by global economies has also boosted the fund’s prospects. Rising geopolitical tensions, including conflicts in the Middle East and the ongoing Russia-Ukraine war, are also expected to boost the fund’s prospects.
Additionally, President Trump’s recent comment that Ukraine could reclaim Russian-occupied territory sparked a rally in defense stocks.
More Gains Ahead?
Currently, ITA has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. It may continue its strong performance in the near term, with a positive weighted alpha of 42.23 (as of Barchart.com), which gives cues of a further rally.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Defense ETF (ITA) Hits New 52-Week High
For investors seeking momentum, iShares U.S. Aerospace & Defense ETF (ITA - Free Report) is probably on the radar now. The fund just hit a 52-week high and is up 60.42% from its 52-week low price of $129.14/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:
ITA in Focus
The underlying Dow Jones U.S. Select Aerospace & Defense Index measures the performance of the aerospace and defense sector of the U.S. equity market. The product charges 38 bps in annual fees (See: All Industrials ETFs).
Why the Move?
The Aerospace and Defense sector has been an area to watch lately, given the complicated geopolitical landscape. Increased defense spending by global economies has also boosted the fund’s prospects. Rising geopolitical tensions, including conflicts in the Middle East and the ongoing Russia-Ukraine war, are also expected to boost the fund’s prospects.
Additionally, President Trump’s recent comment that Ukraine could reclaim Russian-occupied territory sparked a rally in defense stocks.
More Gains Ahead?
Currently, ITA has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook. It may continue its strong performance in the near term, with a positive weighted alpha of 42.23 (as of Barchart.com), which gives cues of a further rally.