Summit Wealth Partners LLC Takes $623,000 Position in iShares U.S. Aerospace & Defense ETF $ITA

Summit Wealth Partners LLC acquired a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,847 shares of the company’s stock, valued at approximately $623,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC lifted its stake in shares of 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 valued at $676,788,000 after buying an additional 325,026 shares during the period. Morgan Stanley increased its stake in iShares U.S. Aerospace & Defense ETF by 6.1% during the fourth quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock valued at $642,674,000 after acquiring an additional 171,385 shares during the period. Wells Fargo & Company MN raised its holdings in iShares U.S. Aerospace & Defense ETF by 13.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock valued at $272,782,000 after acquiring an additional 148,199 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in iShares U.S. Aerospace & Defense ETF by 49.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 912,502 shares of the company’s stock valued at $190,950,000 after acquiring an additional 302,774 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 12.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock worth $183,684,000 after acquiring an additional 100,299 shares during the period.

iShares U.S. Aerospace & Defense ETF Trading Down 1.5%

Shares of BATS:ITA opened at $235.51 on Tuesday. The firm has a market capitalization of $10.36 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 1-year low of $179.89 and a 1-year high of $250.65. The business’s 50 day moving average is $227.32 and its 200-day moving average is $227.72.

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). 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.