ITA Stock Summary and Trading Ideas (iShares U.S. Aerospace & Defense ETF | BATS:ITA)

The iShares Dow Jones U.S. Aerospace & Defense Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of the Dow Jones U.S. Select Aerospace & Defense Index.

iShares U.S. Aerospace & Defense ETF trades on the BATS stock market under the symbol ITA.

As of April 18, 2024, ITA stock price declined to $127.46 with 482,056 million shares trading.

ITA has a beta of 0.82, meaning it tends to be less sensitive to market movements. ITA has a correlation of 0.48 to the broad based SPY ETF.

ITA has a market cap of $5.99 billion. This is considered a Mid Cap stock.

In the last 3 years, ITA stock traded as high as $132.27 and as low as $91.02.

ITA stock has underperformed the market in the last year with a return of +9.5%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ITA shares. However, ITA has outperformed the market in the last 3 month and 2 week periods, returning +5.4% and -2.1%, while SPY returned +5.2% and -2.6%, respectively. This indicates ITA has been having a stronger performance recently.

ITA support price is $126.38 and resistance is $128.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ITA stock will trade within this expected range on the day.