ETFs

Concurrent Investment Advisors LLC Expands Stake in iShares U.S. Aerospace & Defense ETF

Published November 9, 2024

Concurrent Investment Advisors LLC has increased its investment in the iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 21.7% during the third quarter of this year. This information was disclosed in their latest filing with the Securities and Exchange Commission (SEC). Following the acquisition of an additional 1,714 shares, the institutional investor now holds a total of 9,612 shares in the ETF. As of the end of the most recent quarter, these holdings amounted to a value of approximately $1,438,000.

In addition to Concurrent Investment Advisors LLC, several other institutional investors have also adjusted their positions in the iShares U.S. Aerospace & Defense ETF. For example, LPL Financial LLC increased its stake by 3.5% in the second quarter, bringing their total to 904,685 shares valued at $119,464,000 after acquiring 30,436 additional shares. Similarly, Commonwealth Equity Services LLC raised its holding by 2.7% during the third quarter, amassing 285,836 shares worth $42,773,000 after purchasing 7,522 shares during the quarter. Raymond James & Associates also boosted its investment in the ETF by 8.8%, now owning 267,921 shares worth $40,092,000 after acquiring 21,721 shares recently.

Furthermore, Cetera Investment Advisers increased its holdings by 7.5% in the second quarter, holding a total of 221,043 shares valued at $29,189,000 after adding 15,396 shares. Raymond James Financial Services Advisors Inc. also expanded its stake by 19.7% during the second quarter, now owning 193,869 shares worth $25,600,000 after purchasing an additional 31,969 shares.

iShares U.S. Aerospace & Defense ETF Performance Overview

The shares of the iShares U.S. Aerospace & Defense ETF were priced at $155.89 when the market opened on Friday. Currently, the ETF's 50-day moving average stands at $148.62, while the 200-day moving average is $140.52. Over the past year, the ETF has seen a low of $145.00 and a high of $206.56. The total market capitalization of the ETF is approximately $7.33 billion, with a PE ratio of 29.96 and a beta of 0.60.

About iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF, which was formerly known as the iShares Dow Jones U.S. Aerospace & Defense Index Fund, is an exchange-traded fund that aims to replicate the price and yield performance of the Dow Jones U.S. Select Aerospace & Defense Index.

investment, ETF, aerospace