HighTower Advisors LLC Sells 21,257 Shares of iShares U.S. Aerospace & Defense ETF $ITA

HighTower Advisors LLC cut its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 174,700 shares of the company’s stock after selling 21,257 shares during the period. HighTower Advisors LLC owned about 0.40% of iShares U.S. Aerospace & Defense ETF worth $37,506,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ITA. Envestnet Asset Management Inc. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 1,674.1% in the third 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 last quarter. BNP Paribas Financial Markets grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 283.3% in the second quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock worth $115,019,000 after purchasing an additional 450,652 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 9,026.7% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 402,305 shares of the company’s stock worth $84,186,000 after purchasing an additional 397,897 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 201.4% in the third 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in iShares U.S. Aerospace & Defense ETF by 161.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 508,416 shares of the company’s stock worth $109,152,000 after acquiring an additional 313,740 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of iShares U.S. Aerospace & Defense ETF stock opened at $223.15 on Friday. iShares U.S. Aerospace & Defense ETF has a 1 year low of $168.44 and a 1 year high of $250.65. The firm’s 50-day moving average is $224.37 and its two-hundred day moving average is $223.54. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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). 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.