iShares U.S. Aerospace & Defense ETF (BATS:ITA) Shares Sold by Royal Bank of Canada

Royal Bank of Canada reduced its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 413,083 shares of the company’s stock after selling 26,422 shares during the period. Royal Bank of Canada’s holdings in iShares U.S. Aerospace & Defense ETF were worth $60,041,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ITA. Raymond James Financial Inc. acquired a new position in iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $68,446,000. LPL Financial LLC lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 14.4% during the fourth quarter. LPL Financial LLC now owns 1,113,861 shares of the company’s stock worth $161,900,000 after purchasing an additional 140,085 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 14.9% during the fourth quarter. Wells Fargo & Company MN now owns 827,272 shares of the company’s stock worth $120,244,000 after purchasing an additional 107,163 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 110.8% during the fourth quarter. HighTower Advisors LLC now owns 148,007 shares of the company’s stock worth $21,513,000 after purchasing an additional 77,790 shares in the last quarter. Finally, Essential Planning LLC. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter worth $7,407,000.

iShares U.S. Aerospace & Defense ETF Trading Up 17.0%

BATS ITA opened at $173.28 on Wednesday. The company’s fifty day simple moving average is $154.94 and its 200-day simple moving average is $152.50. iShares U.S. Aerospace & Defense ETF has a 52 week low of $129.14 and a 52 week high of $173.90. The stock has a market cap of $7.14 billion, a P/E ratio of 32.14 and a beta of 0.84.

iShares U.S. Aerospace & Defense 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).