Defense ETF ITA has hit a 52-week high due to geopolitical tensions

From Zacks Investment Research: 2025-03-26 18:26:00

The iShares U.S. Aerospace & Defense ETF (ITA) has hit a 52-week high, up 26.13% from its low of $126.65/share. The fund tracks the Dow Jones U.S. Select Aerospace & Defense Index and charges 40 bps in annual fees. Geopolitical tensions, including Israel’s recent airstrike on Gaza, have fueled interest in the sector. With a Zacks ETF Rank #2 (Buy) and a positive weighted alpha of 21.44, ITA may continue its strong performance in the near term. Investors seeking momentum may want to keep an eye on this ETF for potential gains.



Read more at Zacks Investment Research: Defense ETF (ITA) Hits New 52-Week High – March 26, 2025