Modern Wealth Management LLC Has $1.82 Million Stake in iShares U.S. Aerospace & Defense ETF $ITA

Modern Wealth Management LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 376.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,698 shares of the company’s stock after buying an additional 6,874 shares during the period. Modern Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ITA. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 1,674.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,780,198 shares of the company’s stock valued at $1,000,304,000 after acquiring an additional 4,510,762 shares in the last quarter. Park Avenue Securities LLC boosted its position in iShares U.S. Aerospace & Defense ETF by 2,172.2% during the third quarter. Park Avenue Securities LLC now owns 483,301 shares of the company’s stock worth $101,136,000 after purchasing an additional 462,031 shares during the period. BNP Paribas Financial Markets boosted its position in iShares U.S. Aerospace & Defense ETF by 283.3% during the second quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock worth $115,019,000 after purchasing an additional 450,652 shares during the period. CWM LLC grew its holdings in iShares U.S. Aerospace & Defense ETF by 1,470.8% during the third quarter. CWM LLC now owns 437,468 shares of the company’s stock valued at $91,545,000 after purchasing an additional 409,618 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in iShares U.S. Aerospace & Defense ETF by 9,026.7% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 402,305 shares of the company’s stock valued at $84,186,000 after purchasing an additional 397,897 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 0.9%

BATS:ITA opened at $242.20 on Monday. The company’s 50 day moving average is $234.90 and its 200-day moving average is $216.44. iShares U.S. Aerospace & Defense ETF has a 12 month low of $129.14 and a 12 month high of $250.65. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

iShares U.S. Aerospace & Defense ETF 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.