Granite Islands Private Wealth LLC Invests $1.09 Million in iShares U.S. Aerospace & Defense ETF $ITA

Granite Islands Private Wealth LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 5,007 shares of the company’s stock, valued at approximately $1,093,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its stake in iShares U.S. Aerospace & Defense ETF by 11.5% during 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 during the period. Morgan Stanley lifted its holdings in iShares U.S. Aerospace & Defense ETF by 6.1% in the fourth quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock worth $642,674,000 after acquiring an additional 171,385 shares during the last quarter. Wells Fargo & Company MN boosted its stake in iShares U.S. Aerospace & Defense ETF by 13.2% in the fourth 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 during the period. BNP Paribas Financial Markets boosted its stake in iShares U.S. Aerospace & Defense ETF by 49.7% in the third 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 during the period. Finally, Ameriprise Financial Inc. boosted its stake in iShares U.S. Aerospace & Defense ETF by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock valued at $183,684,000 after acquiring an additional 100,299 shares during the period.

iShares U.S. Aerospace & Defense ETF Trading Down 0.3%

BATS:ITA opened at $236.78 on Friday. The stock has a 50 day moving average of $227.61 and a 200-day moving average of $228.49. The firm has a market capitalization of $10.42 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52 week low of $183.42 and a 52 week high of $250.65.

iShares U.S. Aerospace & Defense ETF 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.