Axecap Investments LLC Makes New $510,000 Investment in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Axecap Investments LLC acquired a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,332 shares of the company’s stock, valued at approximately $510,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ITA. Raymond James Financial Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at $68,446,000. Two Sigma Investments LP bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at $39,012,000. LPL Financial LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 14.4% in the fourth quarter. LPL Financial LLC now owns 1,113,861 shares of the company’s stock valued at $161,900,000 after buying an additional 140,085 shares during the period. Wells Fargo & Company MN raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 14.9% in the fourth quarter. Wells Fargo & Company MN now owns 827,272 shares of the company’s stock valued at $120,244,000 after buying an additional 107,163 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 110.8% in the fourth quarter. HighTower Advisors LLC now owns 148,007 shares of the company’s stock valued at $21,513,000 after buying an additional 77,790 shares during the period.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of ITA opened at $180.62 on Thursday. iShares U.S. Aerospace & Defense ETF has a 1 year low of $129.14 and a 1 year high of $183.23. The firm has a market cap of $7.74 billion, a PE ratio of 34.91 and a beta of 0.87. The stock’s fifty day moving average price is $162.45 and its two-hundred day moving average price is $155.30.

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).