Maloon Powers Pitre Higgins & Dennehy LLC Takes Position in iShares U.S. Aerospace & Defense ETF $ITA

Maloon Powers Pitre Higgins & Dennehy LLC bought a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,029 shares of the company’s stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds have also modified their holdings of ITA. LPL Financial LLC grew 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 valued at $676,788,000 after acquiring an additional 325,026 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 3.6% during the first quarter. Bank of America Corp DE now owns 2,997,974 shares of the company’s stock worth $655,807,000 after purchasing an additional 104,802 shares during the period. Morgan Stanley grew its position in iShares U.S. Aerospace & Defense ETF by 6.1% during the fourth quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock valued at $642,674,000 after purchasing an additional 171,385 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares U.S. Aerospace & Defense ETF by 13.2% in the 4th quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock valued at $272,782,000 after buying an additional 148,199 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in iShares U.S. Aerospace & Defense ETF by 12.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock valued at $183,684,000 after buying an additional 100,299 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Down 0.2%

ITA stock opened at $225.61 on Friday. The company has a 50 day moving average of $240.15 and a two-hundred day moving average of $233.58. The company has a market cap of $9.93 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 12-month low of $194.59 and a 12-month high of $256.60.

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.