Concurrent Investment Advisors LLC Acquires 9,146 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Concurrent Investment Advisors LLC boosted its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 25.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,806 shares of the company’s stock after acquiring an additional 9,146 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $9,619,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Consulate Inc. bought a new position in iShares U.S. Aerospace & Defense ETF in the 3rd quarter valued at approximately $28,000. Aventura Private Wealth LLC bought a new position in iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at about $28,000. Optima Capital LLC bought a new position in iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at about $28,000. SRH Advisors LLC bought a new position in iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at about $30,000. Finally, GHP Investment Advisors Inc. bought a new position in iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at about $30,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA opened at $215.80 on Friday. The stock has a market capitalization of $9.50 billion, a P/E ratio of 34.35 and a beta of 0.87. The company’s 50-day simple moving average is $231.70 and its two-hundred day simple moving average is $222.46. iShares U.S. Aerospace & Defense ETF has a 52-week low of $153.08 and a 52-week high of $250.65.

About iShares U.S. Aerospace & Defense ETF

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.