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, as reported in its latest filing with the Securities and Exchange Commission (SEC). Following this increase, the firm now holds a total of 41,178 shares of the ETF after adding an additional 718 shares to its portfolio.

As per the most recent SEC filing, the value of Confluence Investment Management LLC's holdings in the iShares U.S. Aerospace & Defense ETF stands at approximately $5,985,000.

In addition to Confluence, several other institutional investors have also made adjustments to their stakes in the iShares U.S. Aerospace & Defense ETF recently. For instance, FMR LLC increased its ownership by 23.2% in the third quarter, now totaling 13,276 shares valued at $1,987,000 after purchasing 2,501 more shares during that time.

Similarly, Daymark Wealth Partners LLC entered the market for the first time and acquired shares worth about $206,000 in the same quarter. Lion Street Advisors LLC has also expanded its holding by 11.4%, now owning 2,947 shares valued at $441,000 after acquiring an additional 302 shares. Another institutional investor, Mirae Asset Global Investments Co. Ltd., purchased a new stake valued at $110,000.

Lastly, Wealthspire Advisors LLC boosted its position in the ETF by an impressive 47.3% in the second quarter, increasing its total to 5,503 shares with a current value of $727,000 after acquiring 1,768 additional shares.

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

The share price of iShares U.S. Aerospace & Defense ETF opened at $144.86. The stock has experienced a 52-week low of $145.00 and a high of $206.56. Its 50-day moving average is currently at $149.93, while the 200-day moving average stands at $144.97. The ETF has a market capitalization of $6.81 billion, a price-to-earnings (PE) ratio of 29.96, and a beta of 0.60.

About iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF is designed to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index. This exchange-traded fund aims to provide investment results that align closely with the price and yield performance of the designated index.

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