iShares U.S. Aerospace & Defense ETF (BATS:ITA) Reaches New 52-Week High – Should You Buy?

iShares U.S. Aerospace & Defense ETF (BATS:ITA)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $253.06 and last traded at $252.37, with a volume of 73854 shares changing hands. The stock had previously closed at $250.65.

iShares U.S. Aerospace & Defense ETF Stock Performance

The business’s fifty day moving average price is $237.00 and its 200-day moving average price is $232.64. The stock has a market cap of $11.11 billion, a PE ratio of 34.35 and a beta of 0.87.

Institutional Trading of iShares U.S. Aerospace & Defense ETF

Several institutional investors have recently made changes to their positions in ITA. Venturi Wealth Management LLC increased its stake in iShares U.S. Aerospace & Defense ETF by 1.5% in the 2nd quarter. Venturi Wealth Management LLC now owns 2,959 shares of the company’s stock worth $717,000 after acquiring an additional 44 shares during the last quarter. JM2 Capital Inc. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 1.5% in the second quarter. JM2 Capital Inc. now owns 2,912 shares of the company’s stock valued at $706,000 after purchasing an additional 44 shares in the last quarter. Veracity Capital LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 4.2% in the fourth quarter. Veracity Capital LLC now owns 1,155 shares of the company’s stock valued at $248,000 after purchasing an additional 47 shares in the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 2.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 2,114 shares of the company’s stock valued at $453,000 after purchasing an additional 49 shares in the last quarter. Finally, Kestra Private Wealth Services LLC increased its position in iShares U.S. Aerospace & Defense ETF by 0.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 18,733 shares of the company’s stock worth $4,022,000 after purchasing an additional 50 shares during the last quarter.

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.