Absolute Capital Management LLC Has $2.43 Million Stake in iShares U.S. Aerospace & Defense ETF $ITA

Absolute Capital Management LLC raised its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 54.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,587 shares of the company’s stock after buying an additional 4,069 shares during the period. iShares U.S. Aerospace & Defense ETF accounts for about 1.0% of Absolute Capital Management LLC’s portfolio, making the stock its 29th largest holding. Absolute Capital Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $2,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. TD Waterhouse Canada Inc. grew its position in shares of iShares U.S. Aerospace & Defense ETF by 170.5% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 68,756 shares of the company’s stock valued at $14,394,000 after acquiring an additional 43,342 shares during the period. Truist Financial Corp raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 27.9% in the 3rd quarter. Truist Financial Corp now owns 229,015 shares of the company’s stock valued at $47,924,000 after purchasing an additional 49,890 shares during the period. Hutchens & Kramer Investment Management Group LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 3rd quarter valued at about $220,000. One Wealth Advisors LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the 3rd quarter valued at about $717,000. Finally, First Command Advisory Services Inc. grew its holdings in iShares U.S. Aerospace & Defense ETF by 17.6% during the third quarter. First Command Advisory Services Inc. now owns 3,450 shares of the company’s stock worth $722,000 after purchasing an additional 517 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Up 57.7%

Shares of BATS ITA opened at $233.54 on Thursday. The business’s 50 day moving average price is $218.31 and its two-hundred day moving average price is $208.41. The company has a market cap of $10.28 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a twelve month low of $129.14 and a twelve month high of $198.47.

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.