Traders Purchase High Volume of iShares U.S. Aerospace & Defense ETF Call Options (BATS:ITA)

iShares U.S. Aerospace & Defense ETF (BATS:ITA) was the recipient of unusually large options trading on Monday. Investors purchased 2,631 call options on the stock. This represents an increase of 681% compared to the typical volume of 337 call options.

Hedge Funds Weigh In On iShares U.S. Aerospace & Defense ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Consulate Inc. purchased a new position in iShares U.S. Aerospace & Defense ETF during the third quarter worth approximately $28,000. SRH Advisors LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at approximately $30,000. Atlantic Union Bankshares Corp purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at approximately $31,000. N.E.W. Advisory Services LLC grew its stake 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 valued at $35,000 after acquiring an additional 46 shares during the period. Finally, Chung Wu Investment Group LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the 3rd quarter worth $38,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of iShares U.S. Aerospace & Defense ETF stock traded up $78.16 during trading on Monday, hitting $226.24. 395,504 shares of the company’s stock were exchanged, compared to its average volume of 490,355. The stock has a market capitalization of $9.95 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The business has a 50-day simple moving average of $209.33 and a 200-day simple moving average of $202.23. iShares U.S. Aerospace & Defense ETF has a 52-week low of $129.14 and a 52-week high of $198.47.

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.