LPL Financial LLC Acquires 325,026 Shares of iShares U.S. Aerospace & Defense ETF $ITA

LPL Financial LLC boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 11.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,152,397 shares of the company’s stock after purchasing an additional 325,026 shares during the period. LPL Financial LLC owned about 0.07% of iShares U.S. Aerospace & Defense ETF worth $676,788,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITA. Physician Wealth Advisors Inc. raised its position in shares of 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 purchasing an additional 95 shares during the period. Aventura Private Wealth LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at approximately $28,000. Optima Capital LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF by 302.6% in the fourth quarter. Wolff Wiese Magana LLC now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the period.

iShares U.S. Aerospace & Defense ETF Price Performance

BATS:ITA opened at $229.45 on Monday. iShares U.S. Aerospace & Defense ETF has a 12 month low of $175.60 and a 12 month high of $250.65. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The company’s 50 day moving average is $224.52 and its 200-day moving average is $225.14.

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.