Patten & Patten Inc. TN Raises Position in iShares U.S. Aerospace & Defense ETF $ITA

Patten & Patten Inc. TN increased its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 19.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 19,637 shares of the company’s stock after acquiring an additional 3,168 shares during the quarter. Patten & Patten Inc. TN’s holdings in iShares U.S. Aerospace & Defense ETF were worth $4,216,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ITA. Envestnet Asset Management Inc. raised its position in iShares U.S. Aerospace & Defense ETF by 1,674.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,780,198 shares of the company’s stock worth $1,000,304,000 after purchasing an additional 4,510,762 shares during the period. BNP Paribas Financial Markets raised its position in 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 purchasing an additional 450,652 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in iShares U.S. Aerospace & Defense ETF by 9,026.7% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 402,305 shares of the company’s stock worth $84,186,000 after purchasing an additional 397,897 shares during the period. JPMorgan Chase & Co. raised its position in iShares U.S. Aerospace & Defense ETF by 201.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 495,315 shares of the company’s stock worth $103,650,000 after purchasing an additional 330,963 shares during the period. Finally, Foundations Investment Advisors LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the 3rd quarter worth $34,929,000.

iShares U.S. Aerospace & Defense ETF Stock Up 0.4%

Shares of iShares U.S. Aerospace & Defense ETF stock opened at $223.49 on Friday. The firm has a market cap of $9.83 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 12-month low of $161.44 and a 12-month high of $250.65. The company’s fifty day simple moving average is $228.51 and its two-hundred day simple moving average is $223.00.

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.