Western Wealth Management LLC Has $5.88 Million Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Western Wealth Management LLC lowered its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 10.3% during the first quarter, HoldingsChannel reports. The firm owned 26,860 shares of the company’s stock after selling 3,075 shares during the period. Western Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $5,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the second quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock worth $115,019,000 after buying an additional 450,652 shares during the period. LPL Financial LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock valued at $676,788,000 after acquiring an additional 325,026 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 161.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock valued at $109,152,000 after acquiring an additional 313,740 shares during the period. Dynasty Wealth Management LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at approximately $47,721,000. Finally, JPMorgan Chase & Co. lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 37.9% in the 4th quarter. JPMorgan Chase & Co. now owns 683,215 shares of the company’s stock valued at $146,680,000 after acquiring an additional 187,900 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

iShares U.S. Aerospace & Defense ETF stock opened at $238.13 on Friday. The company has a 50 day moving average price of $235.88 and a 200 day moving average price of $232.47. iShares U.S. Aerospace & Defense ETF has a 52 week low of $191.19 and a 52 week high of $251.49. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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.