Northwestern Mutual Wealth Management Co. Grows Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Northwestern Mutual Wealth Management Co. raised its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 161.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 508,416 shares of the company’s stock after buying an additional 313,740 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $109,152,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PAX Financial Group LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 20.5% in the fourth quarter. PAX Financial Group LLC now owns 24,643 shares of the company’s stock worth $5,291,000 after purchasing an additional 4,186 shares during the last quarter. Legacy Financial Group LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 5.3% in the fourth quarter. Legacy Financial Group LLC now owns 18,098 shares of the company’s stock worth $4,126,000 after purchasing an additional 915 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 19.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 90,224 shares of the company’s stock worth $19,471,000 after purchasing an additional 14,589 shares during the last quarter. Maxele Advisors LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 4.8% in the fourth quarter. Maxele Advisors LLC now owns 13,245 shares of the company’s stock worth $2,844,000 after purchasing an additional 605 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 5.5% in the fourth quarter. Cornerstone Wealth Management LLC now owns 8,627 shares of the company’s stock worth $1,852,000 after purchasing an additional 453 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Down 3.2%

Shares of BATS:ITA opened at $217.27 on Friday. iShares U.S. Aerospace & Defense ETF has a 52-week low of $168.44 and a 52-week high of $250.65. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The business has a 50-day moving average price of $225.95 and a 200-day moving average price of $223.37.

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.