iShares Defense Industrials Active ETF (NASDAQ:IDEF) Sees Large Volume Increase – Here’s What Happened

iShares Defense Industrials Active ETF (NASDAQ:IDEF) saw strong trading volume on Thursday. Approximately 9,588,812 shares changed hands during trading, an increase of 710% from the average daily volume of 1,183,802 shares. The stock last traded at $29.38 and had previously closed at $30.02.

iShares Defense Industrials Active ETF Trading Down 1.5%

The business has a fifty day moving average price of $30.93 and a two-hundred day moving average price of $32.96.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vision Retirement LLC acquired a new stake in shares of iShares Defense Industrials Active ETF during the first quarter valued at about $31,000. Harbour Investments Inc. lifted its holdings in shares of iShares Defense Industrials Active ETF by 51.6% in the 3rd quarter. Harbour Investments Inc. now owns 1,705 shares of the company’s stock worth $53,000 after acquiring an additional 580 shares during the last quarter. NBH Bank acquired a new position in shares of iShares Defense Industrials Active ETF in the 2nd quarter worth approximately $57,000. Continuum Advisory LLC purchased a new position in shares of iShares Defense Industrials Active ETF during the 2nd quarter worth approximately $184,000. Finally, EverSource Wealth Advisors LLC purchased a new position in shares of iShares Defense Industrials Active ETF during the 1st quarter worth approximately $239,000.

About iShares Defense Industrials Active ETF

BlackRock ETF Trust – iShares Defense Industrials Active ETF is an exchange traded fund launched by BlackRock, Inc. It is managed by by BlackRock Fund Advisors. It is co managed by BlackRock International Limited. It invests in public equity markets of global region. The fund invests directly and through derivatives in stocks of companies operating across industrials, capital goods, aerospace and defense, construction and engineering, electrical engineering, industrial conglomerates, commercial and professional services sectors.