Archer Investment Management LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,433 shares of the company’s stock, valued at approximately $1,555,000. iShares U.S. Aerospace & Defense ETF comprises about 1.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 28th largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ITA. Atlantic Union Bankshares Corp acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the first quarter valued at $32,000. Total Investment Management Inc. acquired a new position in iShares U.S. Aerospace & Defense ETF in the second quarter valued at $35,000. WPG Advisers LLC acquired a new position in iShares U.S. Aerospace & Defense ETF in the first quarter valued at $36,000. Finally, Rialto Wealth Management LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 265.4% during the second quarter. Rialto Wealth Management LLC now owns 190 shares of the company’s stock worth $36,000 after purchasing an additional 138 shares during the last quarter.
iShares U.S. Aerospace & Defense ETF Stock Performance
ITA opened at $208.27 on Friday. iShares U.S. Aerospace & Defense ETF has a one year low of $129.14 and a one year high of $198.47. The stock has a market capitalization of $9.16 billion, a P/E ratio of 34.35 and a beta of 0.87. The business’s 50-day simple moving average is $207.64 and its 200-day simple moving average is $199.01.
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).
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