Absolute Capital Management LLC Grows Stake in iShares U.S. Aerospace & Defense ETF $ITA

Absolute Capital Management LLC boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 28.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,856 shares of the company’s stock after acquiring an additional 3,269 shares during the period. iShares U.S. Aerospace & Defense ETF accounts for approximately 1.2% of Absolute Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. Absolute Capital Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,189,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Physician Wealth Advisors Inc. raised its stake in iShares U.S. Aerospace & Defense ETF by 395.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock worth $26,000 after acquiring an additional 95 shares in the last quarter. Optima Capital LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 4th quarter worth $28,000. Aventura Private Wealth LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 4th quarter worth $28,000. GHP Investment Advisors Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 4th quarter worth $30,000. Finally, Wolff Wiese Magana LLC raised its stake in iShares U.S. Aerospace & Defense ETF by 302.6% during the 4th quarter. Wolff Wiese Magana LLC now owns 157 shares of the company’s stock worth $34,000 after acquiring an additional 118 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of BATS:ITA opened at $236.04 on Friday. The company’s fifty day moving average price is $225.58 and its 200 day moving average price is $225.95. iShares U.S. Aerospace & Defense ETF has a 12 month low of $177.56 and a 12 month high of $250.65. The firm has a market capitalization of $10.39 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.