Union Square Park Capital Management LLC Takes $2.19 Million Position in iShares U.S. Aerospace & Defense ETF $ITA

Union Square Park Capital Management LLC bought a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $2,188,000. iShares U.S. Aerospace & Defense ETF makes up about 1.2% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Waverly Advisors LLC boosted its stake in iShares U.S. Aerospace & Defense ETF by 4.3% during the 1st quarter. Waverly Advisors LLC now owns 18,490 shares of the company’s stock valued at $4,045,000 after purchasing an additional 762 shares during the last quarter. Compound Planning Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 10.1% in the 1st quarter. Compound Planning Inc. now owns 1,846 shares of the company’s stock worth $404,000 after purchasing an additional 169 shares during the period. Bank of Nova Scotia raised its position in iShares U.S. Aerospace & Defense ETF by 47.6% in the first quarter. Bank of Nova Scotia now owns 20,766 shares of the company’s stock worth $4,543,000 after acquiring an additional 6,700 shares during the period. MWA Asset Management bought a new stake in iShares U.S. Aerospace & Defense ETF during the first quarter valued at about $103,000. Finally, Group One Trading LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the 1st quarter valued at approximately $146,000.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of BATS ITA opened at $240.14 on Friday. The firm has a fifty day moving average price of $234.31 and a 200-day moving average price of $232.11. The stock has a market cap of $10.57 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 1 year low of $191.19 and a 1 year high of $251.49.

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.