Cornerstone Planning Group LLC Invests $899,000 in iShares U.S. Aerospace & Defense ETF $ITA

Cornerstone Planning Group LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,177 shares of the company’s stock, valued at approximately $899,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. grew its position in shares of iShares U.S. Aerospace & Defense ETF by 7.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 777,666 shares of the company’s stock valued at $146,726,000 after buying an additional 53,710 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in iShares U.S. Aerospace & Defense ETF by 283.3% in the second 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 in the last quarter. Raymond James Financial Inc. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 16.2% during the second quarter. Raymond James Financial Inc. now owns 523,826 shares of the company’s stock worth $98,814,000 after purchasing an additional 73,117 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 2,172.2% during the third quarter. Park Avenue Securities LLC now owns 483,301 shares of the company’s stock worth $101,136,000 after purchasing an additional 462,031 shares during the last quarter. Finally, CWM LLC increased its position in shares of iShares U.S. Aerospace & Defense ETF by 1,470.8% during the third quarter. CWM LLC now owns 437,468 shares of the company’s stock worth $91,545,000 after purchasing an additional 409,618 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 56.1%

Shares of BATS ITA opened at $231.11 on Tuesday. The business has a 50-day moving average price of $220.28 and a 200 day moving average price of $209.31. The stock has a market cap of $10.17 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 $129.14 and a 52-week high of $198.47.

iShares U.S. Aerospace & Defense ETF Company Profile

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.