Portfolio Resources Advisor Group Inc. Invests $1.22 Million in iShares U.S. Aerospace & Defense ETF $ITA

Portfolio Resources Advisor Group Inc. purchased a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,672 shares of the company’s stock, valued at approximately $1,218,000. iShares U.S. Aerospace & Defense ETF comprises 1.2% of Portfolio Resources Advisor Group Inc.’s portfolio, making the stock its 20th biggest holding.

A number of other hedge funds have also modified their holdings of ITA. BNP Paribas Financial Markets increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the second quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock worth $115,019,000 after acquiring an additional 450,652 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 201.4% in the third quarter. JPMorgan Chase & Co. now owns 495,315 shares of the company’s stock worth $103,650,000 after acquiring an additional 330,963 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 11.5% in 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 last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 161.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock worth $109,152,000 after acquiring an additional 313,740 shares during the last quarter. Finally, Dynasty Wealth Management LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the fourth quarter worth $47,721,000.

iShares U.S. Aerospace & Defense ETF Price Performance

iShares U.S. Aerospace & Defense ETF stock opened at $233.79 on Monday. The company has a market capitalization of $10.29 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a one year low of $177.56 and a one year high of $250.65. The company’s fifty day moving average price is $225.78 and its two-hundred day moving average price is $226.19.

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.