iShares U.S. Aerospace & Defense ETF (BATS:ITA) Reaches New 1-Year High – Time to Buy?

iShares U.S. Aerospace & Defense ETF (BATS:ITA)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $246.22 and last traded at $245.2320, with a volume of 320373 shares traded. The stock had previously closed at $243.49.

iShares U.S. Aerospace & Defense ETF Stock Performance

The business has a 50 day simple moving average of $228.32 and a 200-day simple moving average of $212.54. The stock has a market capitalization of $10.70 billion, a P/E ratio of 34.35 and a beta of 0.87.

Institutional Trading of iShares U.S. Aerospace & Defense ETF

Several institutional investors and hedge funds have recently bought and sold shares of ITA. N.E.W. Advisory Services LLC grew its position in iShares U.S. Aerospace & Defense ETF by 37.4% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 169 shares of the company’s stock worth $35,000 after purchasing an additional 46 shares in the last quarter. Armstrong Advisory Group Inc. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 20.2% during the 4th quarter. Armstrong Advisory Group Inc. now owns 280 shares of the company’s stock worth $60,000 after purchasing an additional 47 shares during the last quarter. Veracity Capital LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 4.2% during the 4th quarter. Veracity Capital LLC now owns 1,155 shares of the company’s stock valued at $248,000 after purchasing an additional 47 shares in the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 2.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 2,114 shares of the company’s stock valued at $453,000 after purchasing an additional 49 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 1.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 3,223 shares of the company’s stock valued at $692,000 after purchasing an additional 50 shares during the last quarter.

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.