Meridian Wealth Management LLC Makes New Investment in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Meridian Wealth Management LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 3rd quarter, HoldingsChannel reports. The fund acquired 2,217 shares of the company’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Dedication LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the second quarter worth approximately $25,000. Cultivar Capital Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth approximately $27,000. Fairscale Capital LLC bought a new stake in iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $27,000. Opal Wealth Advisors LLC bought a new stake in iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $28,000. Finally, Fifth Third Bancorp acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $29,000.

iShares U.S. Aerospace & Defense ETF Price Performance

BATS:ITA opened at $152.87 on Tuesday. The company has a market cap of $7.18 billion, a P/E ratio of 29.96 and a beta of 0.60. The firm’s fifty day moving average price is $150.56 and its two-hundred day moving average price is $142.20. iShares U.S. Aerospace & Defense ETF has a one year low of $145.00 and a one year high of $206.56.

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).