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Defense ETF (ITA) Hits New 52-Week High
ZACKS· 2025-09-25 17:21
Core Viewpoint - The iShares U.S. Aerospace & Defense ETF (ITA) has reached a 52-week high and shows significant potential for further gains due to favorable market conditions and geopolitical factors [1][2]. Group 1: Fund Performance - ITA is currently up 60.42% from its 52-week low price of $129.14 per share [1]. - The fund charges an annual fee of 38 basis points [1]. Group 2: Market Drivers - Increased defense spending by global economies is enhancing the fund's prospects [2]. - Rising geopolitical tensions, including conflicts in the Middle East and the ongoing Russia-Ukraine war, are expected to positively impact the fund [2]. - Recent comments from President Trump regarding Ukraine's potential to reclaim territory have contributed to a rally in defense stocks [2]. Group 3: Future Outlook - ITA holds a Zacks ETF Rank of 2 (Buy) with a medium risk outlook, indicating strong performance potential in the near term [3]. - The fund has a positive weighted alpha of 42.23, suggesting further rally possibilities [3].