Beacon Investment Advisory Services Inc. Takes Position in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Beacon Investment Advisory Services Inc. acquired a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,206 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Independent Wealth Network Inc. grew its position in shares of iShares U.S. Aerospace & Defense ETF by 6.4% during the 4th quarter. Independent Wealth Network Inc. now owns 6,646 shares of the company’s stock worth $966,000 after buying an additional 398 shares during the period. Janney Montgomery Scott LLC grew its holdings in iShares U.S. Aerospace & Defense ETF by 2.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 60,479 shares of the company’s stock worth $8,791,000 after acquiring an additional 1,169 shares during the period. Paragon Financial Partners Inc. raised its position in shares of iShares U.S. Aerospace & Defense ETF by 0.7% during the 4th quarter. Paragon Financial Partners Inc. now owns 28,180 shares of the company’s stock valued at $4,096,000 after acquiring an additional 209 shares during the last quarter. Magnus Financial Group LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 7.8% in the 4th quarter. Magnus Financial Group LLC now owns 1,807 shares of the company’s stock valued at $263,000 after purchasing an additional 130 shares during the period. Finally, Albion Financial Group UT bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter worth $31,000.

iShares U.S. Aerospace & Defense ETF Stock Up 7.0 %

Shares of iShares U.S. Aerospace & Defense ETF stock opened at $158.43 on Friday. The business has a fifty day simple moving average of $149.51 and a 200 day simple moving average of $146.57. The stock has a market cap of $7.45 billion, a PE ratio of 29.96 and a beta of 0.60. iShares U.S. Aerospace & Defense ETF has a 12 month low of $145.00 and a 12 month high of $206.56.

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).