Cornerstone Planning Group LLC Makes New $899,000 Investment in iShares U.S. Aerospace & Defense ETF $ITA

Cornerstone Planning Group LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 4,177 shares of the company’s stock, valued at approximately $899,000.

Several other large investors have also modified their holdings of ITA. Park Avenue Securities LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF by 2,172.2% during the third quarter. Park Avenue Securities LLC now owns 483,301 shares of the company’s stock worth $101,136,000 after purchasing an additional 462,031 shares during the period. BNP Paribas Financial Markets boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock valued at $115,019,000 after purchasing an additional 450,652 shares during the period. CWM LLC increased its stake in iShares U.S. Aerospace & Defense ETF by 1,470.8% in the 3rd quarter. CWM LLC now owns 437,468 shares of the company’s stock worth $91,545,000 after purchasing an additional 409,618 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in iShares U.S. Aerospace & Defense ETF by 9,026.7% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 402,305 shares of the company’s stock worth $84,186,000 after buying an additional 397,897 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF during the third quarter valued at about $34,929,000.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of ITA opened at $231.11 on Tuesday. The company has a 50-day moving average of $220.28 and a two-hundred day moving average of $209.31. The stock has a market cap of $10.17 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 $129.14 and a one year high of $198.47.

iShares U.S. Aerospace & Defense ETF 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.