Parallel Advisors LLC Has $2.68 Million Position in iShares U.S. Aerospace & Defense ETF $ITA

Parallel Advisors LLC lifted its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 28.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 12,268 shares of the company’s stock after acquiring an additional 2,708 shares during the period. Parallel Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $2,684,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock worth $115,019,000 after acquiring an additional 450,652 shares during the period. LPL Financial LLC increased its position in shares of iShares U.S. Aerospace & Defense ETF by 11.5% during the fourth quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock valued at $676,788,000 after purchasing an additional 325,026 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 161.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock valued at $109,152,000 after purchasing an additional 313,740 shares in the last quarter. Dynasty Wealth Management LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at $47,721,000. Finally, JPMorgan Chase & Co. lifted its position in iShares U.S. Aerospace & Defense ETF by 37.9% in the fourth quarter. JPMorgan Chase & Co. now owns 683,215 shares of the company’s stock worth $146,680,000 after purchasing an additional 187,900 shares during the period.

iShares U.S. Aerospace & Defense ETF Price Performance

ITA opened at $229.74 on Wednesday. The company has a market capitalization of $10.11 billion, a P/E ratio of 34.35 and a beta of 0.87. The firm’s fifty day moving average price is $233.47 and its two-hundred day moving average price is $231.82. iShares U.S. Aerospace & Defense ETF has a fifty-two week low of $190.16 and a fifty-two week high of $251.49.

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.