Royal Bank of Canada Has $122.31 Million Stock Holdings in iShares U.S. Aerospace & Defense ETF $ITA

Royal Bank of Canada boosted its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 11.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559,124 shares of the company’s stock after buying an additional 59,323 shares during the quarter. Royal Bank of Canada owned approximately 1.27% of iShares U.S. Aerospace & Defense ETF worth $122,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in iShares U.S. Aerospace & Defense ETF by 314.8% in the fourth quarter. Assetmark Inc. now owns 15,010 shares of the company’s stock worth $3,222,000 after acquiring an additional 11,391 shares in the last quarter. Stone House Investment Management LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 11.7% in the fourth quarter. Stone House Investment Management LLC now owns 28,174 shares of the company’s stock valued at $6,049,000 after acquiring an additional 2,950 shares during the period. Clearwave Capital LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $906,000. Clear Creek Financial Management LLC increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 52.7% during the fourth quarter. Clear Creek Financial Management LLC now owns 8,576 shares of the company’s stock valued at $1,841,000 after acquiring an additional 2,959 shares in the last quarter. Finally, World Investment Advisors raised its position in shares of iShares U.S. Aerospace & Defense ETF by 124.6% during the fourth quarter. World Investment Advisors now owns 24,038 shares of the company’s stock worth $5,161,000 after purchasing an additional 13,334 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Up 0.8%

Shares of ITA opened at $238.13 on Friday. iShares U.S. Aerospace & Defense ETF has a 12-month low of $191.19 and a 12-month high of $251.49. The business’s fifty day moving average is $235.88 and its 200 day moving average is $232.47. The stock has a market cap of $10.48 billion, a P/E ratio of 34.35 and a beta of 0.87.

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.