iShares U.S. Aerospace & Defense ETF $ITA Shares Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 15.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 616,653 shares of the company’s stock after purchasing an additional 84,677 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 1.40% of iShares U.S. Aerospace & Defense ETF worth $149,489,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock valued at $676,788,000 after purchasing an additional 325,026 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 3.6% in the 1st quarter. Bank of America Corp DE now owns 2,997,974 shares of the company’s stock valued at $655,807,000 after purchasing an additional 104,802 shares during the period. Morgan Stanley grew its position 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 purchasing an additional 171,385 shares in the last quarter. Wells Fargo & Company MN grew its position in iShares U.S. Aerospace & Defense ETF by 13.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock valued at $272,782,000 after purchasing an additional 148,199 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in 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 valued at $183,684,000 after buying an additional 100,299 shares during the period.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of BATS ITA opened at $228.35 on Tuesday. The company has a market capitalization of $10.05 billion, a P/E ratio of 34.35 and a beta of 0.87. The business’s 50-day moving average price is $241.07 and its two-hundred day moving average price is $233.81. iShares U.S. Aerospace & Defense ETF has a one year low of $194.59 and a one year high of $256.60.

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.