Birmingham Capital Management Co. Inc. AL Takes $2.10 Million Position in iShares U.S. Aerospace & Defense ETF $ITA

Birmingham Capital Management Co. Inc. AL bought a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,650 shares of the company’s stock, valued at approximately $2,097,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ITA. Compass Financial Management LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the second quarter valued at about $168,000. Trust Co. of Vermont bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth $216,000. BridgePort Financial Solutions LLC boosted its stake in iShares U.S. Aerospace & Defense ETF by 34.6% during the 2nd quarter. BridgePort Financial Solutions LLC now owns 7,393 shares of the company’s stock valued at $1,792,000 after acquiring an additional 1,901 shares during the last quarter. Xcel Wealth Management LLC grew its holdings in iShares U.S. Aerospace & Defense ETF by 31.0% during the 2nd quarter. Xcel Wealth Management LLC now owns 1,880 shares of the company’s stock worth $456,000 after acquiring an additional 445 shares in the last quarter. Finally, CRA Financial Services LLC grew its holdings in iShares U.S. Aerospace & Defense ETF by 8.3% during the 2nd quarter. CRA Financial Services LLC now owns 3,958 shares of the company’s stock worth $959,000 after acquiring an additional 305 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of iShares U.S. Aerospace & Defense ETF stock opened at $236.38 on Thursday. The firm has a market cap of $10.40 billion, a PE ratio of 34.35 and a beta of 0.87. The firm’s 50-day simple moving average is $241.43 and its 200-day simple moving average is $233.85. iShares U.S. Aerospace & Defense ETF has a 1 year low of $194.59 and a 1 year high of $256.60.

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.