Tepp RIA LLC Boosts Position in iShares U.S. Aerospace & Defense ETF $ITA

Tepp RIA LLC raised its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 389.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,814 shares of the company’s stock after acquiring an additional 7,014 shares during the quarter. iShares U.S. Aerospace & Defense ETF makes up 1.5% of Tepp RIA LLC’s portfolio, making the stock its 15th biggest holding. Tepp RIA LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 11.5% during the 4th 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 during the period. Morgan Stanley lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 6.1% in the 4th quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock worth $642,674,000 after purchasing an additional 171,385 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 13.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock worth $272,782,000 after buying an additional 148,199 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 49.7% in the third quarter. BNP Paribas Financial Markets now owns 912,502 shares of the company’s stock worth $190,950,000 after buying an additional 302,774 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares U.S. Aerospace & Defense ETF by 12.9% during the third quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock valued at $183,684,000 after buying an additional 100,299 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $236.78 on Monday. iShares U.S. Aerospace & Defense ETF has a 12 month low of $183.42 and a 12 month high of $250.65. The stock has a market cap of $10.42 billion, a P/E ratio of 34.35 and a beta of 0.87. The company has a 50 day simple moving average of $227.61 and a two-hundred day simple moving average of $228.66.

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.