Royal Bank of Canada Raises Position in iShares U.S. Aerospace & Defense ETF $ITA

Royal Bank of Canada grew its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 11.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 559,124 shares of the company’s stock after purchasing an additional 59,323 shares during the quarter. Royal Bank of Canada’s holdings in iShares U.S. Aerospace & Defense ETF were worth $122,308,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ITA. LPL Financial LLC lifted its stake in 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 acquiring an additional 325,026 shares in the last quarter. Morgan Stanley boosted its holdings 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 worth $642,674,000 after purchasing an additional 171,385 shares during the last quarter. Wells Fargo & Company MN grew its position in iShares U.S. Aerospace & Defense ETF by 13.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock worth $272,782,000 after purchasing an additional 148,199 shares in the last quarter. 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 last quarter. Finally, UBS Group AG increased its stake in iShares U.S. Aerospace & Defense ETF by 20.1% in the 3rd quarter. UBS Group AG now owns 728,077 shares of the company’s stock valued at $152,357,000 after buying an additional 121,945 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 0.8%

iShares U.S. Aerospace & Defense ETF stock opened at $238.13 on Friday. iShares U.S. Aerospace & Defense ETF has a 52 week low of $191.19 and a 52 week high of $251.49. The company’s 50 day moving average price is $235.88 and its two-hundred day moving average price is $232.47. The stock has a market cap of $10.48 billion, a P/E ratio of 34.35 and a beta of 0.87.

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.