Confluence Investment Management LLC Increases Stake in iShares U.S. Aerospace & Defense ETF

Confluence Investment Management LLC has increased its holdings in the iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 1.8% during the fourth quarter of the year. In their most recent filing with the Securities and Exchange Commission (SEC), the firm reported owning 41,178 shares after acquiring an additional 718 shares.

The value of Confluence Investment Management LLC's holdings in this ETF was approximately $5,985,000 based on the latest SEC filing.

Other significant investors have also recently bought and sold shares of this ETF. During the third quarter, FMR LLC raised its position by 23.2%, now holding 13,276 shares valued at $1,987,000 after purchasing 2,501 additional shares. Daymark Wealth Partners LLC entered the market with a new stake valued at about $206,000 in the same quarter. Lion Street Advisors LLC increased its stake by 11.4% during the third quarter, bringing its total to 2,947 shares worth $441,000 after acquiring 302 more shares.

Mirae Asset Global Investments Co. Ltd. also made a new investment in the ETF valued at $110,000 during the third quarter. Additionally, Wealthspire Advisors LLC raised its position by an impressive 47.3% in the second quarter, now owning 5,503 shares valued at $727,000 after acquiring 1,768 shares.

Recent Performance of iShares U.S. Aerospace & Defense ETF

As of the last market session, the iShares U.S. Aerospace & Defense ETF shares opened at $144.86. Over the last year, the stock reached a low of $145.00 and a high of $206.56. The ETF's 50-day moving average stands at $149.93, while its 200-day moving average is $144.97. The fund has a market capitalization of $6.81 billion, a price-to-earnings (P/E) ratio of 29.96, and a beta of 0.60, indicating lower volatility compared to the market.

Overview of iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF aims to deliver investment results that closely correspond to the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index.

More Information

Investors interested in tracking shares of ITA can visit HoldingsChannel.com for the latest filings and insider trade information related to the iShares U.S. Aerospace & Defense ETF.

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investment, ETF, shares