Summit Financial LLC Acquires 2,057 Shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Summit Financial LLC boosted its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 92.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,286 shares of the company’s stock after purchasing an additional 2,057 shares during the period. Summit Financial LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ITA. JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 8.7% in the third quarter. JPMorgan Chase & Co. now owns 287,157 shares of the company’s stock worth $42,970,000 after acquiring an additional 23,100 shares during the last quarter. Assetmark Inc. grew its position in iShares U.S. Aerospace & Defense ETF by 17.6% in the 4th quarter. Assetmark Inc. now owns 608 shares of the company’s stock worth $88,000 after purchasing an additional 91 shares during the last quarter. Tandem Financial LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the 4th quarter worth about $2,169,000. Franklin Resources Inc. raised its position in shares of iShares U.S. Aerospace & Defense ETF by 34.8% during the third quarter. Franklin Resources Inc. now owns 492 shares of the company’s stock valued at $76,000 after buying an additional 127 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 23.2% in the third quarter. FMR LLC now owns 13,276 shares of the company’s stock valued at $1,987,000 after buying an additional 2,501 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Up 4.9 %

Shares of ITA opened at $155.37 on Thursday. The stock’s 50-day moving average price is $153.98 and its 200 day moving average price is $151.33. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 30.68 and a beta of 0.82. iShares U.S. Aerospace & Defense ETF has a 12-month low of $126.65 and a 12-month high of $160.18.

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).