iShares Defense Industrials Active ETF (NASDAQ:IDEF) Shares Down 0.4% – Here’s Why

iShares Defense Industrials Active ETF (NASDAQ:IDEF) shares were down 0.4% on Friday . The stock traded as low as $33.25 and last traded at $33.35. Approximately 546,250 shares traded hands during trading, a decline of 64% from the average daily volume of 1,503,209 shares. The stock had previously closed at $33.48.

iShares Defense Industrials Active ETF Stock Performance

The firm’s 50-day moving average is $34.53 and its two-hundred day moving average is $33.05.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IDEF. Fifth Third Wealth Advisors LLC acquired a new position in iShares Defense Industrials Active ETF during the first quarter worth about $3,359,000. KERR FINANCIAL PLANNING Corp acquired a new stake in iShares Defense Industrials Active ETF in the 1st quarter valued at about $126,000. Finally, AdvisorNet Financial Inc acquired a new stake in iShares Defense Industrials Active ETF in the 1st quarter valued at about $51,000.

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.