NewEdge Advisors LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 27.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,393 shares of the company’s stock after acquiring an additional 12,426 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $14,156,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC bought a new position in iShares U.S. Aerospace & Defense ETF in the 1st quarter worth $460,000. Goldman Sachs Group Inc. raised its holdings in iShares U.S. Aerospace & Defense ETF by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 424,645 shares of the company’s stock valued at $65,013,000 after acquiring an additional 151,757 shares during the period. Russell Investments Group Ltd. lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 298.7% in the second quarter. Russell Investments Group Ltd. now owns 626 shares of the company’s stock valued at $118,000 after acquiring an additional 469 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter valued at about $359,000. Finally, Cerity Partners LLC boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 7.3% in the second quarter. Cerity Partners LLC now owns 24,844 shares of the company’s stock worth $4,687,000 after acquiring an additional 1,688 shares during the period.
iShares U.S. Aerospace & Defense ETF Trading Up 0.3%
Shares of ITA opened at $219.01 on Friday. The business’s 50 day moving average is $237.83 and its 200 day moving average is $232.92. iShares U.S. Aerospace & Defense ETF has a 12-month low of $195.71 and a 12-month high of $256.60. The company has a market capitalization of $9.64 billion, a PE 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.
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