7,433 Shares in iShares U.S. Aerospace & Defense ETF $ITA Purchased by Archer Investment Management LLC

Archer Investment Management LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 3rd quarter, Holdings Channel.com reports. The fund bought 7,433 shares of the company’s stock, valued at approximately $1,555,000. iShares U.S. Aerospace & Defense ETF comprises approximately 1.0% of Archer Investment Management LLC’s investment portfolio, making the stock its 28th largest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Embree Financial Group acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the third quarter valued at approximately $206,000. Patriot Financial Group Insurance Agency LLC grew its holdings in iShares U.S. Aerospace & Defense ETF by 34.7% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,261 shares of the company’s stock valued at $682,000 after buying an additional 840 shares during the last quarter. ZynergyRetirementPlanningLLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at $202,000. Firethorn Wealth Partners LLC purchased a new position in iShares U.S. Aerospace & Defense ETF during the third quarter worth $218,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the third quarter worth $1,152,000.

iShares U.S. Aerospace & Defense ETF Stock Up 40.6%

Shares of BATS:ITA opened at $208.27 on Friday. The company has a market capitalization of $9.16 billion, a P/E ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52-week low of $129.14 and a 52-week high of $198.47. The stock’s fifty day simple moving average is $207.64 and its 200-day simple moving average is $199.01.

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).