Parallel Advisors LLC Has $2.68 Million Stake in iShares U.S. Aerospace & Defense ETF $ITA

Parallel Advisors LLC grew its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 28.3% in the first quarter, HoldingsChannel.com reports. The fund owned 12,268 shares of the company’s stock after buying an additional 2,708 shares during the quarter. Parallel Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $2,684,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. AQR Capital Management LLC bought a new stake in iShares U.S. Aerospace & Defense ETF during the 1st quarter worth approximately $460,000. Goldman Sachs Group Inc. raised its position in iShares U.S. Aerospace & Defense ETF by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 424,645 shares of the company’s stock valued at $65,013,000 after purchasing an additional 151,757 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in iShares U.S. Aerospace & Defense ETF by 298.7% in the second quarter. Russell Investments Group Ltd. now owns 626 shares of the company’s stock worth $118,000 after purchasing an additional 469 shares in the last quarter. Quantbot Technologies LP acquired a new position in iShares U.S. Aerospace & Defense ETF in the second quarter worth $359,000. Finally, Cerity Partners LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 7.3% during the second quarter. Cerity Partners LLC now owns 24,844 shares of the company’s stock worth $4,687,000 after purchasing an additional 1,688 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $249.99 on Friday. iShares U.S. Aerospace & Defense ETF has a 52 week low of $191.82 and a 52 week high of $256.60. The stock has a market capitalization of $11.00 billion, a PE ratio of 34.35 and a beta of 0.87. The stock’s fifty day moving average is $237.73 and its 200-day moving average is $232.76.

iShares U.S. Aerospace & Defense ETF Company 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.