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In Q3 2023, major firms increased stakes in U.S. aerospace, defense, and technology ETFs, reflecting strong sector performance and growing institutional interest.
In Q3 2023, WCG Wealth Advisors boosted its stake in the iShares U.S. Aerospace & Defense ETF (ITA) by 11.4% to 22,193 shares, valuing the position at about $4.6 million. Meanwhile, NorthRock Partners increased its holdings in the iShares U.S. Technology ETF (IYW) to 45,241 shares, worth $8.86 million, while Maia Wealth LLC reduced its IYW shares to 10,691, holding a $2.19 million stake. HB Wealth Management also raised its IYW position to 16,713 shares, valued at $3.27 million. The ETFs tracked the performance of their respective sectors, with ITA gaining 16.2% in Q2 and IYW showing strong institutional ownership.
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