Keep an Eye on “ITA” ETF as Boeing Begins Hiring Freeze
March 17, 2020 at 08:00 AM EDT
In an effort to preserve cash amid the coronavirus outbreak, airplane manufacturer Boeing implemented a hiring freeze on Wednesday in an effort to preserve cash as the travel industry takes an unforeseen hit. With almost a 20% stake in Boeing, one fund to watch is the iShares U.S. Aerospace & Defense ETF ( ITA B ).