Independent Financial Group LLC Acquires Shares of 36,672 iShares U.S. Aerospace & Defense ETF $ITA

Independent Financial Group LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 36,672 shares of the company’s stock, valued at approximately $8,022,000.

Other hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the second quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock valued at $115,019,000 after purchasing an additional 450,652 shares during the period. LPL Financial LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock worth $676,788,000 after purchasing an additional 325,026 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 161.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock worth $109,152,000 after purchasing an additional 313,740 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter worth $47,721,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 37.9% during the fourth quarter. JPMorgan Chase & Co. now owns 683,215 shares of the company’s stock worth $146,680,000 after purchasing an additional 187,900 shares during the period.

iShares U.S. Aerospace & Defense ETF Price Performance

BATS:ITA opened at $230.89 on Friday. The firm’s fifty day moving average price is $233.17 and its 200 day moving average price is $231.52. iShares U.S. Aerospace & Defense ETF has a 1-year low of $190.16 and a 1-year high of $251.49. The firm has a market cap of $10.16 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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.