Wealthfront Advisers LLC boosted its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 47.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 23,392 shares of the company’s stock after acquiring an additional 7,509 shares during the quarter. Wealthfront Advisers LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $5,117,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in ITA. BNP Paribas Financial Markets raised its position in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock valued at $115,019,000 after acquiring an additional 450,652 shares during the period. LPL Financial LLC lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 11.5% in the fourth quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock valued at $676,788,000 after purchasing an additional 325,026 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in iShares U.S. Aerospace & Defense ETF by 161.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock valued at $109,152,000 after acquiring an additional 313,740 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter worth $47,721,000. Finally, JPMorgan Chase & Co. lifted its position in iShares U.S. Aerospace & Defense ETF by 37.9% during the 4th quarter. JPMorgan Chase & Co. now owns 683,215 shares of the company’s stock worth $146,680,000 after buying an additional 187,900 shares in the last quarter.
iShares U.S. Aerospace & Defense ETF Stock Performance
Shares of BATS ITA opened at $230.73 on Friday. The stock has a market capitalization of $10.15 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52 week low of $190.16 and a 52 week high of $251.49. The stock has a 50 day moving average price of $233.32 and a 200 day moving average price of $231.52.
About iShares U.S. Aerospace & Defense ETF
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). The Index measures the performance of the aerospace and defense sector of the United States equity market. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts.
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