Confluence Investment Management LLC Increases Stake in iShares U.S. Aerospace & Defense ETF

Confluence Investment Management LLC has increased its investment in the iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 1.8% during the fourth quarter of the year, as disclosed in the company’s recent filing with the Securities and Exchange Commission (SEC). The firm now holds 41,178 shares of this ETF after acquiring an additional 718 shares in the last quarter. According to the latest SEC filing, Confluence Investment Management's total holdings in the iShares U.S. Aerospace & Defense ETF are valued at approximately $5,985,000.

A number of other institutional investors have also adjusted their positions in the iShares U.S. Aerospace & Defense ETF recently. For instance, FMR LLC raised its holdings by 23.2% in the third quarter, now owning 13,276 shares valued at about $1,987,000 after buying an additional 2,501 shares. Additionally, Daymark Wealth Partners LLC has purchased a new stake in the ETF during the third quarter, valued at around $206,000. Lion Street Advisors LLC increased its stake by 11.4%, now possessing 2,947 shares worth $441,000 after acquiring 302 more shares. Mirae Asset Global Investments Co. Ltd., has also entered a position in the ETF worth approximately $110,000 during the same period. Finally, Wealthspire Advisors LLC raised its holdings by 47.3% earlier in the year, owning 5,503 shares valued at $727,000 by acquiring an additional 1,768 shares.

Current Performance of iShares U.S. Aerospace & Defense ETF

On a recent trading day, shares of the iShares U.S. Aerospace & Defense ETF opened at $144.86. The ETF has experienced a 52-week low of $145.00 and a high of $206.56. The current 50-day moving average price stands at $149.93, while the 200-day moving average price is at $144.97. The ETF has a market capitalization of $6.81 billion and a price-to-earnings ratio (P/E) of 29.96. Additionally, it has a beta of 0.60, indicating lower volatility than the broader market.

About iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF, previously known as the iShares Dow Jones U.S. Aerospace & Defense Index Fund, is an exchange-traded fund that aims to track the investment results reflective of the performance of the Dow Jones U.S. Select Aerospace & Defense Index.

investment, ETF, aerospace