Pinnacle Associates Ltd. Invests $525,000 in iShares U.S. Aerospace & Defense ETF $ITA

Pinnacle Associates Ltd. bought a new position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 2,447 shares of the company’s stock, valued at approximately $525,000.

Several other institutional investors also recently modified their holdings of ITA. Physician Wealth Advisors Inc. raised its holdings in iShares U.S. Aerospace & Defense ETF by 395.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after purchasing an additional 95 shares during the period. Aventura Private Wealth LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth $28,000. Optima Capital LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth $28,000. GHP Investment Advisors Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth $30,000. Finally, Wolff Wiese Magana LLC raised its holdings in iShares U.S. Aerospace & Defense ETF by 302.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 157 shares of the company’s stock worth $34,000 after purchasing an additional 118 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA opened at $220.23 on Tuesday. iShares U.S. Aerospace & Defense ETF has a twelve month low of $168.44 and a twelve month high of $250.65. The firm has a market cap of $9.69 billion, a PE ratio of 34.35 and a beta of 0.87. The firm’s fifty day moving average is $225.55 and its two-hundred day moving average is $223.42.

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.