Royal Fund Management LLC Acquires New Position in iShares U.S. Aerospace & Defense ETF $ITA

Royal Fund Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,202 shares of the company’s stock, valued at approximately $12,951,000. iShares U.S. Aerospace & Defense ETF comprises approximately 1.2% of Royal Fund Management LLC’s holdings, making the stock its 14th largest position. Royal Fund Management LLC owned 0.13% of iShares U.S. Aerospace & Defense ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ITA. Bogart Wealth LLC lifted its stake in iShares U.S. Aerospace & Defense ETF by 447.6% during the 1st quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock valued at $25,000 after acquiring an additional 94 shares during the period. Physician Wealth Advisors Inc. lifted 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 valued at $26,000 after acquiring an additional 95 shares during the period. Optima Capital LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF during the fourth quarter worth $28,000. Clearstead Trust LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF during the first quarter worth $28,000. Finally, GHP Investment Advisors Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at $30,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA stock opened at $236.26 on Thursday. iShares U.S. Aerospace & Defense ETF has a one year low of $191.19 and a one year high of $251.49. The firm’s fifty day moving average is $235.58 and its 200 day moving average is $232.44. The firm has a market cap of $10.40 billion, a PE ratio of 34.35 and a beta of 0.87.

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.