Partners Wealth Management LLC Buys 2,753 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Partners Wealth Management LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 143.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,666 shares of the company’s stock after buying an additional 2,753 shares during the quarter. Partners Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $967,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Founders Financial Securities LLC grew its position in shares of iShares U.S. Aerospace & Defense ETF by 8.5% during the 3rd quarter. Founders Financial Securities LLC now owns 37,626 shares of the company’s stock valued at $7,795,000 after acquiring an additional 2,956 shares during the period. Choreo LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 6.0% in the 3rd quarter. Choreo LLC now owns 4,558 shares of the company’s stock worth $944,000 after purchasing an additional 260 shares during the period. D.A. Davidson & CO. raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 7.3% in the 3rd quarter. D.A. Davidson & CO. now owns 19,704 shares of the company’s stock worth $4,082,000 after purchasing an additional 1,335 shares during the period. DecisionPoint Financial LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 3rd quarter worth approximately $50,000. Finally, Latitude Advisors LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the third quarter valued at approximately $45,000.

iShares U.S. Aerospace & Defense ETF Trading Down 2.1%

iShares U.S. Aerospace & Defense ETF stock opened at $209.74 on Friday. The business’s 50 day simple moving average is $214.71 and its 200 day simple moving average is $229.16. 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 cap of $9.23 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

Shares of iShares U.S. Aerospace & Defense ETF are set to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

About iShares U.S. Aerospace & Defense ETF

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.