iShares U.S. Aerospace & Defense ETF (BATS:ITA) Hits New 52-Week Low – Here’s What Happened

iShares U.S. Aerospace & Defense ETF (BATS:ITA) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $144.33 and last traded at $144.38, with a volume of 334596 shares. The stock had previously closed at $147.34.

iShares U.S. Aerospace & Defense ETF Stock Performance

The firm has a 50-day moving average price of $148.23 and a 200 day moving average price of $139.76. The stock has a market capitalization of $6.79 billion, a P/E ratio of 29.96 and a beta of 0.60.

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

A number of large investors have recently added to or reduced their stakes in ITA. Cetera Investment Advisers lifted its holdings in 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 worth $27,131,000 after buying an additional 142,141 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the third quarter worth about $16,511,000. Millennium Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth approximately $11,693,000. First National Corp MA ADV purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the third quarter valued at $9,876,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in iShares U.S. Aerospace & Defense ETF by 96.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,619 shares of the company’s stock worth $14,757,000 after buying an additional 48,545 shares in 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).