Royal Fund Management LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) during the first quarter, Holdings Channel reports. The fund bought 59,202 shares of the company’s stock, valued at approximately $12,951,000. iShares U.S. Aerospace & Defense ETF makes up approximately 1.2% of Royal Fund Management LLC’s portfolio, making the stock its 14th largest position.
Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its holdings in iShares U.S. Aerospace & Defense ETF by 447.6% in the 1st quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock worth $25,000 after acquiring an additional 94 shares in the last quarter. Physician Wealth Advisors Inc. lifted its holdings in iShares U.S. Aerospace & Defense ETF by 395.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after purchasing an additional 95 shares in the last quarter. Optima Capital LLC purchased a new position in iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at $28,000. Clearstead Trust LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the first quarter valued at about $28,000. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at about $30,000.
iShares U.S. Aerospace & Defense ETF Trading Down 3.6%
ITA stock opened at $236.26 on Thursday. iShares U.S. Aerospace & Defense ETF has a 12-month low of $191.19 and a 12-month high of $251.49. The business’s 50-day moving average is $235.58 and its 200 day moving average is $232.44. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.
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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Want to see what other hedge funds are holding ITA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report).
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