Financial Advocates Investment Management Has $1.08 Million Stock Position in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Financial Advocates Investment Management increased its ownership in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 3.9% in the first quarter, according to its recent filing with the Securities & Exchange Commission. The firm now holds 9,412 shares of the company's stock, representing an additional 354 shares acquired during the period. The total value of Financial Advocates Investment Management's holdings in iShares U.S. Aerospace & Defense ETF at the end of the quarter was $1,083,000.

Several other institutional investors also made changes to their positions in ITA. Envestnet Asset Management Inc. increased its holdings in the ETF by 25.8% in the first quarter, now owning 449,835 shares valued at $51,767,000. Bristlecone Advisors LLC grew its stake in the company by 51.0% during the same period, now owning 18,218 shares valued at $2,097,000. Edmond DE Rothschild Holding S.A. saw a 1,246.3% increase in its position, now owning 1,077 shares valued at $124,000. Legacy Capital Group California Inc. acquired a new stake in the ETF worth approximately $1,510,000. Lastly, Wealth Alliance increased its holdings by 13.2% in the first quarter, now owning 3,587 shares valued at $413,000.

iShares U.S. Aerospace & Defense ETF opened at $114.06 on Friday, with a market cap of $5.55 billion. The ETF has a price-to-earnings ratio of 24.00 and a beta of 1.02. Its 50-day moving average is $115.98, while the 200-day moving average is $114.64. The ETF's 1-year low is $145.00 and its 1-year high is $206.56.

iShares U.S. Aerospace & Defense ETF, formerly known as iShares Dow Jones U.S. Aerospace & Defense Index Fund, is an exchange-traded fund that seeks to track the performance of the Dow Jones U.S. Select Aerospace & Defense Index.