Portfolio Resources Advisor Group Inc. Takes $1.22 Million Position in iShares U.S. Aerospace & Defense ETF $ITA

Portfolio Resources Advisor Group Inc. bought a new stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,672 shares of the company’s stock, valued at approximately $1,218,000. iShares U.S. Aerospace & Defense ETF makes up approximately 1.2% of Portfolio Resources Advisor Group Inc.’s investment portfolio, making the stock its 20th largest position.

A number of other hedge funds also recently modified their holdings of the business. MML Investors Services LLC lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 11.5% in the fourth quarter. MML Investors Services LLC now owns 725,035 shares of the company’s stock valued at $155,658,000 after purchasing an additional 74,883 shares in the last quarter. Mariner LLC lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 68.4% in the fourth quarter. Mariner LLC now owns 85,769 shares of the company’s stock valued at $18,414,000 after purchasing an additional 34,851 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 12.0% in the fourth quarter. Focus Partners Wealth now owns 27,681 shares of the company’s stock valued at $5,943,000 after purchasing an additional 2,967 shares in the last quarter. Fortitude Advisory Group L.L.C. lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 15.8% in the fourth quarter. Fortitude Advisory Group L.L.C. now owns 1,834 shares of the company’s stock valued at $394,000 after purchasing an additional 250 shares in the last quarter. Finally, Global Endowment Management LP purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at $245,000.

iShares U.S. Aerospace & Defense ETF Price Performance

ITA opened at $233.79 on Monday. The stock has a fifty day moving average of $225.78 and a 200-day moving average of $226.19. The firm has a market capitalization of $10.29 billion, a P/E ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 12-month low of $177.56 and a 12-month 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.