iShares U.S. Aerospace & Defense ETF (BATS:ITA) Sets New 12-Month High – Here’s Why

Shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $249.70 and last traded at $249.3150, with a volume of 703293 shares trading hands. The stock had previously closed at $243.72.

iShares U.S. Aerospace & Defense ETF Stock Up 2.4%

The stock has a fifty day moving average price of $232.36 and a two-hundred day moving average price of $214.68. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

Hedge Funds Weigh In On iShares U.S. Aerospace & Defense ETF

A number of institutional investors have recently modified their holdings of the company. N.E.W. Advisory Services LLC boosted its position in iShares U.S. Aerospace & Defense ETF by 37.4% during the third quarter. N.E.W. Advisory Services LLC now owns 169 shares of the company’s stock worth $35,000 after acquiring an additional 46 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 20.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 280 shares of the company’s stock worth $60,000 after purchasing an additional 47 shares during the period. Veracity Capital LLC boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 4.2% during the fourth quarter. Veracity Capital LLC now owns 1,155 shares of the company’s stock worth $248,000 after purchasing an additional 47 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in shares of iShares U.S. Aerospace & Defense ETF by 2.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 2,114 shares of the company’s stock valued at $453,000 after purchasing an additional 49 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in iShares U.S. Aerospace & Defense ETF by 1.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 3,223 shares of the company’s stock valued at $692,000 after purchasing an additional 50 shares during the last quarter.

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.