Foundations Investment Advisors LLC Acquires 8,904 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Foundations Investment Advisors LLC increased its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 5.3% during the 4th quarter, HoldingsChannel reports. The fund owned 175,822 shares of the company’s stock after buying an additional 8,904 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $37,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the third quarter worth approximately $1,175,000. Envestnet Asset Management Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 1,674.1% in the third quarter. Envestnet Asset Management Inc. now owns 4,780,198 shares of the company’s stock worth $1,000,304,000 after buying an additional 4,510,762 shares in the last quarter. Citigroup Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 296.0% in the third quarter. Citigroup Inc. now owns 195,254 shares of the company’s stock worth $40,859,000 after buying an additional 145,953 shares in the last quarter. Advisory Services Network LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 22.8% in the third quarter. Advisory Services Network LLC now owns 94,747 shares of the company’s stock worth $19,827,000 after buying an additional 17,565 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 14,023.8% in the third quarter. Aptus Capital Advisors LLC now owns 142,509 shares of the company’s stock worth $29,821,000 after buying an additional 141,500 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of BATS ITA opened at $230.48 on Thursday. The firm’s 50 day moving average price is $223.94 and its 200-day moving average price is $224.01. The company has a market cap of $10.14 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 $174.74 and a 52-week high of $250.65.

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.