iShares U.S. Aerospace & Defense ETF (BATS:ITA) Sets New 12-Month High – Here’s Why

iShares U.S. Aerospace & Defense ETF (BATS:ITA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $249.70 and last traded at $249.3150, with a volume of 703293 shares changing hands. The stock had previously closed at $243.72.

iShares U.S. Aerospace & Defense ETF Stock Performance

The stock’s fifty day simple moving average is $232.36 and its two-hundred day simple moving average is $214.68. The company has a market cap of $10.98 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

Institutional Investors Weigh In On iShares U.S. Aerospace & Defense ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Physician Wealth Advisors Inc. raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 395.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 95 shares during the period. Optima Capital LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 4th quarter worth approximately $28,000. Aventura Private Wealth LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at approximately $28,000. Financial Consulate Inc. acquired a new position in iShares U.S. Aerospace & Defense ETF during the third quarter valued at approximately $28,000. Finally, SRH Advisors LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF during the third quarter worth approximately $30,000.

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.