iShares U.S. Aerospace & Defense ETF (BATS:ITA – Get Free Report)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $214.26 and traded as high as $215.69. iShares U.S. Aerospace & Defense ETF shares last traded at $214.68, with a volume of 1,071,683 shares changing hands.
iShares U.S. Aerospace & Defense ETF Stock Up 2.4%
The company has a market capitalization of $9.45 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The business has a 50-day moving average price of $214.26 and a 200-day moving average price of $229.04.
iShares U.S. Aerospace & Defense ETF shares are set to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Wednesday, November 4th.
Hedge Funds Weigh In On iShares U.S. Aerospace & Defense ETF
Hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 1.5% in the second quarter. Venturi Wealth Management LLC now owns 2,959 shares of the company’s stock worth $717,000 after purchasing an additional 44 shares during the period. JM2 Capital Inc. boosted its stake in iShares U.S. Aerospace & Defense ETF by 1.5% during the second quarter. JM2 Capital Inc. now owns 2,912 shares of the company’s stock worth $706,000 after buying an additional 44 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in iShares U.S. Aerospace & Defense ETF by 5.4% during the first quarter. Citizens Financial Group Inc. RI now owns 1,004 shares of the company’s stock worth $220,000 after buying an additional 51 shares in the last quarter. ProCore Advisors LLC boosted its stake in iShares U.S. Aerospace & Defense ETF by 2.9% during the third quarter. ProCore Advisors LLC now owns 1,821 shares of the company’s stock worth $377,000 after buying an additional 52 shares in the last quarter. Finally, Edgestream Partners L.P. increased its holdings in iShares U.S. Aerospace & Defense ETF by 4.3% in the 1st quarter. Edgestream Partners L.P. now owns 1,306 shares of the company’s stock valued at $286,000 after buying an additional 54 shares during the period.
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.
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