Cornerstone Wealth Management LLC Raises Position in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Cornerstone Wealth Management LLC boosted its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 15.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,729 shares of the company’s stock after buying an additional 1,008 shares during the period. Cornerstone Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ITA. Armstrong Advisory Group Inc. lifted its holdings in iShares U.S. Aerospace & Defense ETF by 200.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 195 shares of the company’s stock worth $28,000 after buying an additional 130 shares during the period. Darwin Wealth Management LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the third quarter worth about $30,000. Albion Financial Group UT purchased a new stake in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth about $31,000. ORG Partners LLC lifted its holdings in iShares U.S. Aerospace & Defense ETF by 2,000.0% in the third quarter. ORG Partners LLC now owns 315 shares of the company’s stock worth $47,000 after buying an additional 300 shares during the period. Finally, Salem Investment Counselors Inc. lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 300.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 320 shares of the company’s stock valued at $47,000 after purchasing an additional 240 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA stock opened at $156.66 on Friday. The firm has a 50 day moving average price of $149.78 and a 200-day moving average price of $146.81. iShares U.S. Aerospace & Defense ETF has a 52-week low of $145.00 and a 52-week high of $206.56. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 29.96 and a beta of 0.60.

iShares U.S. Aerospace & Defense ETF Profile

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).