iShares U.S. Aerospace & Defense ETF $ITA Stock Position Lifted by IFP Advisors Inc

IFP Advisors Inc boosted its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,191 shares of the company’s stock after purchasing an additional 5,717 shares during the quarter. iShares U.S. Aerospace & Defense ETF makes up about 0.6% of IFP Advisors Inc’s investment portfolio, making the stock its 22nd largest holding. IFP Advisors Inc owned about 0.26% of iShares U.S. Aerospace & Defense ETF worth $23,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ITA. Financial Consulate Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 3rd quarter worth $28,000. SRH Advisors LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the third quarter valued at $30,000. Total Investment Management Inc. purchased a new position in iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at about $35,000. N.E.W. Advisory Services LLC increased its stake in iShares U.S. Aerospace & Defense ETF by 37.4% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 169 shares of the company’s stock valued at $35,000 after buying an additional 46 shares during the period. Finally, Chung Wu Investment Group LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the third quarter worth $38,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of BATS ITA opened at $231.43 on Thursday. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The business has a 50 day simple moving average of $237.12 and a 200 day simple moving average of $218.38. iShares U.S. Aerospace & Defense ETF has a 52 week low of $129.14 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.