iShares U.S. Aerospace & Defense ETF (BATS:ITA) Hits New 1-Year Low – Should You Sell?

iShares U.S. Aerospace & Defense ETF (BATS:ITAGet Free Report)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $144.33 and last traded at $144.38, with a volume of 334596 shares. The stock had previously closed at $147.34.

iShares U.S. Aerospace & Defense ETF Trading Down 2.0 %

The company has a 50-day moving average price of $148.22 and a two-hundred day moving average price of $139.61. The stock has a market cap of $6.79 billion, a P/E ratio of 29.96 and a beta of 0.60.

Institutional Investors Weigh In On iShares U.S. Aerospace & Defense ETF

Several institutional investors have recently made changes to their positions in ITA. Asset Dedication LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth about $25,000. Cultivar Capital Inc. purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth approximately $27,000. Fairscale Capital LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth approximately $27,000. Opal Wealth Advisors LLC purchased a new position in iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $28,000. Finally, Fifth Third Bancorp bought a new position in iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $29,000.

About iShares U.S. Aerospace & Defense ETF

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iShares U.S. Aerospace & Defense ETF, formerly iShares Dow Jones U.S. Aerospace & Defense Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index (the Index).

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