iShares U.S. Aerospace & Defense ETF (BATS:ITA) Position Boosted by Merit Financial Group LLC

Merit Financial Group LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,484 shares of the company’s stock after acquiring an additional 1,840 shares during the period. Merit Financial Group LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,123,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $27,000. Armstrong Advisory Group Inc. boosted its stake in iShares U.S. Aerospace & Defense ETF by 200.0% during the fourth quarter. Armstrong Advisory Group Inc. now owns 195 shares of the company’s stock valued at $28,000 after buying an additional 130 shares in the last quarter. Darwin Wealth Management LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the third quarter worth about $30,000. ORG Partners LLC lifted its holdings in iShares U.S. Aerospace & Defense ETF by 2,000.0% in the 3rd quarter. ORG Partners LLC now owns 315 shares of the company’s stock valued at $47,000 after acquiring an additional 300 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 300.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 320 shares of the company’s stock valued at $47,000 after purchasing an additional 240 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of BATS:ITA opened at $151.76 on Monday. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 29.96 and a beta of 0.60. iShares U.S. Aerospace & Defense ETF has a 1-year low of $145.00 and a 1-year high of $206.56. The company has a 50 day moving average price of $149.61 and a 200 day moving average price of $146.20.

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).