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

by · The Markets Daily

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

iShares U.S. Aerospace & Defense ETF Price Performance

The firm’s 50 day moving average price is $229.34 and its 200-day moving average price is $229.98. The firm has a market cap of $11.01 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC boosted its stake in iShares U.S. Aerospace & Defense ETF by 22.8% during 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. Assetmark Inc. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 314.8% in the 4th quarter. Assetmark Inc. now owns 15,010 shares of the company’s stock valued at $3,222,000 after buying an additional 11,391 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 177.7% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 5,427 shares of the company’s stock valued at $1,165,000 after buying an additional 3,473 shares in the last quarter. Clear Creek Financial Management LLC lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 52.7% during the 4th quarter. Clear Creek Financial Management LLC now owns 8,576 shares of the company’s stock worth $1,841,000 after acquiring an additional 2,959 shares during the period. Finally, Stone House Investment Management LLC lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 11.7% during the 4th quarter. Stone House Investment Management LLC now owns 28,174 shares of the company’s stock worth $6,049,000 after acquiring an additional 2,950 shares during the period.

About iShares U.S. Aerospace & Defense ETF

(Get Free Report)

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.

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