iShares U.S. Aerospace & Defense ETF (BATS:ITA) Hits New 52-Week Low at $135.92

iShares U.S. Aerospace & Defense ETF (BATS:ITA)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $135.92 and last traded at $136.09, with a volume of 212409 shares changing hands. The stock had previously closed at $136.47.

iShares U.S. Aerospace & Defense ETF Trading Up 0.1 %

The firm’s 50-day moving average price is $132.67 and its 200 day moving average price is $127.75. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 29.96 and a beta of 0.60.

Hedge Funds Weigh In On iShares U.S. Aerospace & Defense ETF

A number of institutional investors have recently added to or reduced their stakes in ITA. Cypress Asset Management Inc. TX increased its position in iShares U.S. Aerospace & Defense ETF by 0.9% in the 1st quarter. Cypress Asset Management Inc. TX now owns 8,428 shares of the company’s stock valued at $1,125,000 after acquiring an additional 79 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 229.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,476 shares of the company’s stock valued at $322,000 after purchasing an additional 1,725 shares during the last quarter. Birmingham Capital Management Co. Inc. AL boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 3.6% in the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 4,455 shares of the company’s stock valued at $588,000 after purchasing an additional 155 shares during the last quarter. Verity Asset Management Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 1st quarter valued at $224,000. Finally, Cetera Investment Advisers boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 223.8% in the 1st quarter. Cetera Investment Advisers now owns 205,647 shares of the company’s stock valued at $27,131,000 after purchasing an additional 142,141 shares during the last quarter.

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).