iShares U.S. Aerospace & Defense ETF (BATS:ITA) Sets New 52-Week High – Here’s Why

Shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) reached a new 52-week high on Wednesday . The stock traded as high as $253.06 and last traded at $252.37, with a volume of 73854 shares traded. The stock had previously closed at $250.65.

iShares U.S. Aerospace & Defense ETF Trading Down 0.9%

The firm has a 50-day moving average of $237.73 and a 200 day moving average of $232.76. The company has a market cap of $11.00 billion, a P/E ratio of 34.35 and a beta of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 11.5% in the fourth quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock valued at $676,788,000 after buying an additional 325,026 shares during the period. Bank of America Corp DE increased its stake in iShares U.S. Aerospace & Defense ETF by 3.6% in the first quarter. Bank of America Corp DE now owns 2,997,974 shares of the company’s stock valued at $655,807,000 after acquiring an additional 104,802 shares during the last quarter. Morgan Stanley boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 6.1% in the 4th quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock worth $642,674,000 after purchasing an additional 171,385 shares in the last quarter. Wells Fargo & Company MN lifted its position in iShares U.S. Aerospace & Defense ETF by 13.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock worth $272,782,000 after buying an additional 148,199 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock worth $183,684,000 after buying an additional 100,299 shares during the period.

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.