MinichMacGregor Wealth Management LLC Has $28.12 Million Position in iShares U.S. Aerospace & Defense ETF $ITA

MinichMacGregor Wealth Management LLC increased its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 22.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,568 shares of the company’s stock after purchasing an additional 23,723 shares during the quarter. iShares U.S. Aerospace & Defense ETF makes up 5.0% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. MinichMacGregor Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $28,124,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC lifted its holdings in iShares U.S. Aerospace & Defense ETF by 126.8% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,592 shares of the company’s stock worth $1,004,000 after purchasing an additional 2,567 shares in the last quarter. Brown Lisle Cummings Inc. grew its holdings in iShares U.S. Aerospace & Defense ETF by 36.6% during the 1st quarter. Brown Lisle Cummings Inc. now owns 560 shares of the company’s stock valued at $122,000 after buying an additional 150 shares in the last quarter. Provenance Wealth Advisors LLC grew its holdings in iShares U.S. Aerospace & Defense ETF by 146.5% during the 1st quarter. Provenance Wealth Advisors LLC now owns 2,162 shares of the company’s stock valued at $473,000 after buying an additional 1,285 shares in the last quarter. Krilogy Financial LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF by 43.7% during the first quarter. Krilogy Financial LLC now owns 2,951 shares of the company’s stock valued at $676,000 after buying an additional 897 shares during the last quarter. Finally, WealthBridge Capital Management LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF by 4.2% during the first quarter. WealthBridge Capital Management LLC now owns 3,937 shares of the company’s stock valued at $861,000 after buying an additional 159 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA stock opened at $236.19 on Thursday. The company’s fifty day moving average price is $227.51 and its 200-day moving average price is $228.19. iShares U.S. Aerospace & Defense ETF has a one year low of $181.61 and a one year high of $250.65. The company has a market capitalization of $10.39 billion, a PE 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.