Pilgrim Partners Asia Pte Ltd Buys New Position in iShares U.S. Aerospace & Defense ETF $ITA

Pilgrim Partners Asia Pte Ltd purchased a new position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 10,450 shares of the company’s stock, valued at approximately $2,165,000. iShares U.S. Aerospace & Defense ETF comprises about 0.4% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 18th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ITA. Venturi Wealth Management LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 1.5% in the second quarter. Venturi Wealth Management LLC now owns 2,959 shares of the company’s stock worth $717,000 after acquiring an additional 44 shares during the last quarter. JM2 Capital Inc. raised its position in shares of iShares U.S. Aerospace & Defense ETF by 1.5% in the 2nd quarter. JM2 Capital Inc. now owns 2,912 shares of the company’s stock valued at $706,000 after acquiring an additional 44 shares during the period. Citizens Financial Group Inc. RI raised its holdings in iShares U.S. Aerospace & Defense ETF by 5.4% in the first quarter. Citizens Financial Group Inc. RI now owns 1,004 shares of the company’s stock worth $220,000 after purchasing an additional 51 shares during the period. ProCore Advisors LLC lifted its holdings in iShares U.S. Aerospace & Defense ETF by 2.9% during the third quarter. ProCore Advisors LLC now owns 1,821 shares of the company’s stock worth $377,000 after acquiring an additional 52 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 4.3% during the 1st quarter. Edgestream Partners L.P. now owns 1,306 shares of the company’s stock valued at $286,000 after purchasing an additional 54 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

BATS ITA opened at $209.74 on Friday. The stock has a market capitalization of $9.23 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52 week low of $195.71 and a 52 week high of $256.60. The stock’s 50 day moving average price is $214.71 and its two-hundred day moving average price is $229.16.

iShares U.S. Aerospace & Defense ETF’s stock is set to split on Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

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.