Base Wealth Management LLC Takes Position in iShares U.S. Aerospace & Defense ETF $ITA

Base Wealth Management LLC acquired a new position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,504 shares of the company’s stock, valued at approximately $2,079,000. iShares U.S. Aerospace & Defense ETF comprises 1.2% of Base Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its position in iShares U.S. Aerospace & Defense ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock worth $676,788,000 after buying an additional 325,026 shares during the last quarter. Morgan Stanley increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 6.1% in the fourth quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock worth $642,674,000 after acquiring an additional 171,385 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 13.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock worth $272,782,000 after purchasing an additional 148,199 shares during the last quarter. BNP Paribas Financial Markets lifted its position in iShares U.S. Aerospace & Defense ETF by 49.7% during the third quarter. BNP Paribas Financial Markets now owns 912,502 shares of the company’s stock valued at $190,950,000 after purchasing an additional 302,774 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in iShares U.S. Aerospace & Defense ETF by 12.9% in the third quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock valued at $183,684,000 after purchasing an additional 100,299 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

BATS:ITA opened at $239.63 on Thursday. The firm’s fifty day moving average is $231.03 and its two-hundred day moving average is $230.79. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a one year low of $186.60 and a one year high of $251.49.

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). 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.