iShares U.S. Aerospace & Defense ETF (BATS:ITA) Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC lowered its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 28.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,002 shares of the company’s stock after selling 3,109 shares during the period. Parallel Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 7.6% during the third quarter. LPL Financial LLC now owns 973,776 shares of the company’s stock worth $145,716,000 after purchasing an additional 69,091 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter worth $68,446,000. Commonwealth Equity Services LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 8.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 311,101 shares of the company’s stock worth $45,218,000 after purchasing an additional 25,265 shares in the last quarter. Stifel Financial Corp grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 1.2% during the third quarter. Stifel Financial Corp now owns 305,078 shares of the company’s stock worth $45,657,000 after purchasing an additional 3,677 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 8.7% during the third quarter. JPMorgan Chase & Co. now owns 287,157 shares of the company’s stock worth $42,970,000 after purchasing an additional 23,100 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Up 5.7 %

Shares of ITA stock opened at $156.46 on Thursday. The firm has a fifty day moving average price of $152.78 and a 200 day moving average price of $150.47. The company has a market cap of $6.42 billion, a P/E ratio of 30.31 and a beta of 1.00. iShares U.S. Aerospace & Defense ETF has a 12 month low of $126.65 and a 12 month high of $159.58.

iShares U.S. Aerospace & Defense ETF 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).