iShares U.S. Aerospace & Defense ETF (BATS:ITA) Sets New 1-Year Low – Time to Sell?

iShares U.S. Aerospace & Defense ETF (BATS:ITA) reached a new 52-week low during trading on Thursday . The company traded as low as $144.33 and last traded at $144.38, with a volume of 334596 shares trading hands. The stock had previously closed at $147.34.

iShares U.S. Aerospace & Defense ETF Stock Down 2.0 %

The firm has a 50 day moving average price of $148.22 and a two-hundred day moving average price of $139.61. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 29.96 and a beta of 0.60.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Asset Dedication LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $25,000. Fairscale Capital LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $27,000. Cultivar Capital Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $27,000. Opal Wealth Advisors LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $28,000. Finally, Fifth Third Bancorp bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $29,000.

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).