Investors Buy Shares of iShares Dow Jones US Aerospace & Def.ETF (ITA) on Weakness

Investors bought shares of iShares Dow Jones US Aerospace & Def.ETF (BATS:ITA) on weakness during trading on Monday. $30.20 million flowed into the stock on the tick-up and $12.23 million flowed out of the stock on the tick-down, for a money net flow of $17.97 million into the stock. Of all stocks tracked, iShares Dow Jones US Aerospace & Def.ETF had the 22nd highest net in-flow for the day. iShares Dow Jones US Aerospace & Def.ETF traded down ($0.23) for the day and closed at $187.86

The company has a market cap of $4,930.00 and a price-to-earnings ratio of 26.40.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th were given a $0.3205 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Tuesday, December 19th. iShares Dow Jones US Aerospace & Def.ETF’s payout ratio is 26.97%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its position in iShares Dow Jones US Aerospace & Def.ETF by 16.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,224 shares of the company’s stock valued at $1,998,000 after acquiring an additional 1,578 shares during the period. Sage Capital Advisors llc purchased a new stake in shares of iShares Dow Jones US Aerospace & Def.ETF during the 3rd quarter worth approximately $990,000. Laurel Wealth Advisors Inc. purchased a new stake in shares of iShares Dow Jones US Aerospace & Def.ETF during the 3rd quarter worth approximately $273,000. Finally, Patten Group Inc. boosted its stake in shares of iShares Dow Jones US Aerospace & Def.ETF by 7,140.5% during the 3rd quarter. Patten Group Inc. now owns 43,805 shares of the company’s stock worth $108,000 after acquiring an additional 43,200 shares in the last quarter.

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iShares Dow Jones US Aerospace & Def.ETF Company Profile

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).

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