iShares U.S. Aerospace & Defense ETF (BATS:ITA) Reaches New 52-Week High – Should You Buy?

iShares U.S. Aerospace & Defense ETF (BATS:ITA) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $250.90 and last traded at $250.76, with a volume of 271826 shares. The stock had previously closed at $248.19.

iShares U.S. Aerospace & Defense ETF Trading Down 1.1%

The stock has a fifty day simple moving average of $230.56 and a two-hundred day simple moving average of $230.57. The company has a market cap of $10.67 billion, a PE ratio of 34.35 and a beta of 0.87.

Institutional Trading of iShares U.S. Aerospace & Defense ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quad Cities Investment Group LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the second quarter worth $215,000. Avior Wealth Management LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 92.4% during the second quarter. Avior Wealth Management LLC now owns 12,040 shares of the company’s stock worth $2,919,000 after buying an additional 5,782 shares during the period. Value Investment Professionals LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth about $288,000. Moulton Wealth Management Inc. raised its stake in iShares U.S. Aerospace & Defense ETF by 21.6% during the second quarter. Moulton Wealth Management Inc. now owns 6,236 shares of the company’s stock worth $1,522,000 after purchasing an additional 1,106 shares during the period. Finally, Bangor Savings Bank purchased a new position in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth $49,000.

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.