MinichMacGregor Wealth Management LLC Boosts Position in iShares U.S. Aerospace & Defense ETF $ITA

MinichMacGregor Wealth Management LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 22.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,568 shares of the company’s stock after buying an additional 23,723 shares during the period. iShares U.S. Aerospace & Defense ETF accounts for 5.0% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 2nd biggest holding. MinichMacGregor Wealth Management LLC owned 0.29% of iShares U.S. Aerospace & Defense ETF worth $28,124,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in iShares U.S. Aerospace & Defense ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock worth $676,788,000 after acquiring an additional 325,026 shares during the period. Morgan Stanley boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 6.1% in the fourth quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock worth $642,674,000 after purchasing an additional 171,385 shares during the period. Wells Fargo & Company MN boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 13.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock worth $272,782,000 after purchasing an additional 148,199 shares during the period. BNP Paribas Financial Markets boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 49.7% in the third quarter. BNP Paribas Financial Markets now owns 912,502 shares of the company’s stock worth $190,950,000 after purchasing an additional 302,774 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock worth $183,684,000 after purchasing an additional 100,299 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of ITA stock opened at $236.19 on Thursday. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a one year low of $181.61 and a one year high of $250.65. The company’s fifty day moving average price is $227.51 and its 200-day moving average price is $228.19.

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.