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

Confluence Investment Management LLC has increased its investment in the iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 1.8% during the fourth quarter. According to their recent filing with the Securities and Exchange Commission (SEC), the fund now holds 41,178 shares of this ETF after acquiring an additional 718 shares.

As of the latest disclosure, Confluence Investment Management’s stake in the iShares U.S. Aerospace & Defense ETF is valued at approximately $5,985,000.

Other large investors have also made moves in this ETF. For instance, FMR LLC increased its stake by 23.2% in the third quarter, now owning 13,276 shares valued at $1,987,000 after buying an additional 2,501 shares. Similarly, Daymark Wealth Partners LLC took a new position in the ETF during the same period, valued at around $206,000.

Lion Street Advisors LLC raised its holdings by 11.4% in the third quarter, amassing 2,947 shares worth $441,000 after acquiring 302 additional shares. Mirae Asset Global Investments Co. Ltd. also entered a new position valued at $110,000 in the third quarter. Furthermore, Wealthspire Advisors LLC increased its stake by 47.3% during the second quarter, holding 5,503 shares worth $727,000 after purchasing 1,768 shares.

Current Market Status of ITA Stock

As of the most recent trading session, iShares U.S. Aerospace & Defense ETF opened at $144.86. The stock has experienced a 52-week range, with a low of $145.00 and a high of $206.56. The moving averages for the stock are at 50 days at $149.93 and 200 days at $144.97. It currently has a market capitalization of $6.81 billion with a PE ratio of 29.96, and a beta value of 0.60 indicating lower volatility.

About the iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF, previously known as the iShares Dow Jones U.S. Aerospace & Defense Index Fund, seeks to track investments that reflect the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index.

Conclusion and Further Insights

Investors interested in understanding the trends and movements of larger funds in the aerospace and defense sector may find these changes significant. Monitoring such adjustments can offer insights into market confidence and potential future performance of this sector.

Investment, ETF, Aerospace