Envestnet Portfolio Solutions Inc. Grows Stake in iShares U.S. Aerospace & Defense ETF $ITA

Envestnet Portfolio Solutions Inc. boosted its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 9,026.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 402,305 shares of the company’s stock after purchasing an additional 397,897 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $84,186,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ITA. N.E.W. Advisory Services LLC boosted its holdings in iShares U.S. Aerospace & Defense ETF by 37.4% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 169 shares of the company’s stock worth $35,000 after buying an additional 46 shares during the period. Gerber Kawasaki Wealth & Investment Management grew its position in iShares U.S. Aerospace & Defense ETF by 0.3% during the second quarter. Gerber Kawasaki Wealth & Investment Management now owns 16,898 shares of the company’s stock worth $3,188,000 after buying an additional 51 shares in the last quarter. Lee Johnson Capital Management LLC increased its position in shares of iShares U.S. Aerospace & Defense ETF by 0.6% in the third quarter. Lee Johnson Capital Management LLC now owns 9,073 shares of the company’s stock worth $1,899,000 after purchasing an additional 52 shares during the last quarter. Allen Capital Group LLC increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 0.9% in the 3rd quarter. Allen Capital Group LLC now owns 5,753 shares of the company’s stock worth $1,204,000 after buying an additional 53 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in iShares U.S. Aerospace & Defense ETF by 4.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,222 shares of the company’s stock valued at $231,000 after acquiring an additional 55 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Up 59.2%

Shares of BATS ITA opened at $235.78 on Friday. iShares U.S. Aerospace & Defense ETF has a 1-year low of $129.14 and a 1-year high of $198.47. The stock’s 50-day moving average is $215.84 and its 200 day moving average is $206.98. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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.