Able Wealth Management LLC Purchases 5,865 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Able Wealth Management LLC increased its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 531.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,968 shares of the company’s stock after buying an additional 5,865 shares during the period. Able Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,524,000 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. Armstrong Advisory Group Inc. raised its stake in iShares U.S. Aerospace & Defense ETF by 20.2% during the fourth quarter. Armstrong Advisory Group Inc. now owns 280 shares of the company’s stock valued at $60,000 after purchasing an additional 47 shares in the last quarter. Veracity Capital LLC boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 4.2% during the fourth quarter. Veracity Capital LLC now owns 1,155 shares of the company’s stock valued at $248,000 after purchasing an additional 47 shares during the period. Thoroughbred Financial Services LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 2.4% in the 4th quarter. Thoroughbred Financial Services LLC now owns 2,114 shares of the company’s stock worth $453,000 after acquiring an additional 49 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 1.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 3,223 shares of the company’s stock worth $692,000 after purchasing an additional 50 shares in the last quarter. Finally, Realta Investment Advisors grew its position in shares of iShares U.S. Aerospace & Defense ETF by 0.9% during the 4th quarter. Realta Investment Advisors now owns 5,327 shares of the company’s stock worth $1,144,000 after buying an additional 50 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

BATS ITA opened at $243.86 on Thursday. The company has a market capitalization of $10.73 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The company’s 50-day simple moving average is $228.26 and its two-hundred day simple moving average is $229.44. iShares U.S. Aerospace & Defense ETF has a one year low of $183.42 and a one year high of $250.65.

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.