UBS Group AG Cuts Stock Holdings in iShares U.S. Aerospace & Defense ETF $ITA

UBS Group AG trimmed its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 11.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 644,118 shares of the company’s stock after selling 83,959 shares during the quarter. UBS Group AG owned 1.46% of iShares U.S. Aerospace & Defense ETF worth $138,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 1,674.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,780,198 shares of the company’s stock worth $1,000,304,000 after purchasing an additional 4,510,762 shares during the period. BNP Paribas Financial Markets raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 49.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 912,502 shares of the company’s stock worth $190,950,000 after purchasing an additional 302,774 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 12.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock worth $183,684,000 after purchasing an additional 100,299 shares during the period. Raymond James Financial Inc. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 16.2% during the 2nd quarter. Raymond James Financial Inc. now owns 523,826 shares of the company’s stock worth $98,814,000 after purchasing an additional 73,117 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 201.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 495,315 shares of the company’s stock worth $103,650,000 after purchasing an additional 330,963 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA opened at $218.56 on Friday. The business has a 50-day moving average of $229.84 and a 200 day moving average of $222.53. iShares U.S. Aerospace & Defense ETF has a fifty-two week low of $156.95 and a fifty-two week high of $250.65. The firm has a market cap of $9.62 billion, a P/E ratio of 34.35 and a beta of 0.87.

About iShares U.S. Aerospace & Defense ETF

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). The Index measures the performance of the aerospace and defense sector of the United States equity market. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts.