Able Wealth Management LLC Raises Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Able Wealth Management LLC increased its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 531.7% in the 1st quarter, HoldingsChannel reports. The fund owned 6,968 shares of the company’s stock after acquiring an additional 5,865 shares during the period. Able Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Essex Financial Services Inc. increased its position in shares of iShares U.S. Aerospace & Defense ETF by 0.9% during the first quarter. Essex Financial Services Inc. now owns 7,595 shares of the company’s stock worth $1,661,000 after purchasing an additional 71 shares in the last quarter. Global Trust Asset Management LLC boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 16.6% in the 1st quarter. Global Trust Asset Management LLC now owns 1,044 shares of the company’s stock worth $228,000 after purchasing an additional 149 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 11.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 1,915 shares of the company’s stock worth $419,000 after buying an additional 198 shares during the last quarter. Powell Investment Advisors LLC increased its position in iShares U.S. Aerospace & Defense ETF by 71.6% during the 1st quarter. Powell Investment Advisors LLC now owns 4,881 shares of the company’s stock valued at $1,068,000 after buying an additional 2,036 shares in the last quarter. Finally, Investment Planning Advisors Inc. acquired a new position in iShares U.S. Aerospace & Defense ETF during the 1st quarter valued at about $231,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

iShares U.S. Aerospace & Defense ETF stock opened at $243.86 on Thursday. The stock has a 50-day moving average of $228.26 and a two-hundred day moving average of $229.44. iShares U.S. Aerospace & Defense ETF has a one year low of $183.42 and a one year high of $250.65. The stock has a market cap of $10.73 billion, a PE 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.