Founders Financial Securities LLC Purchases 3,612 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Founders Financial Securities LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 6.3% during the 1st quarter, Holdings Channel reports. The fund owned 61,102 shares of the company’s stock after purchasing an additional 3,612 shares during the period. iShares U.S. Aerospace & Defense ETF makes up approximately 0.9% of Founders Financial Securities LLC’s investment portfolio, making the stock its 21st biggest position. Founders Financial Securities LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $14,161,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in shares of iShares U.S. Aerospace & Defense ETF by 283.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock valued at $115,019,000 after buying an additional 450,652 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 201.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 495,315 shares of the company’s stock valued at $103,650,000 after acquiring an additional 330,963 shares during the last quarter. LPL Financial LLC grew its position in iShares U.S. Aerospace & Defense ETF by 11.5% in the fourth quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock worth $676,788,000 after acquiring an additional 325,026 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in iShares U.S. Aerospace & Defense ETF by 161.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock worth $109,152,000 after acquiring an additional 313,740 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth about $47,721,000.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of BATS ITA opened at $238.99 on Friday. iShares U.S. Aerospace & Defense ETF has a 1-year low of $177.56 and a 1-year high of $250.65. The business’s 50 day moving average is $227.24 and its two-hundred day moving average is $227.28. The stock has a market capitalization of $10.52 billion, a P/E ratio of 34.35 and a beta of 0.87.

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.