IFP Advisors Inc lowered its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 2.2% during the third quarter, Holdings Channel.com reports. The firm owned 108,334 shares of the company’s stock after selling 2,473 shares during the period. IFP Advisors Inc’s holdings in iShares U.S. Aerospace & Defense ETF were worth $22,445,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in ITA. Old Mission Investment Co LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth approximately $679,000. Baird Financial Group Inc. grew its stake in iShares U.S. Aerospace & Defense ETF by 6.2% during the 2nd quarter. Baird Financial Group Inc. now owns 111,570 shares of the company’s stock worth $27,047,000 after buying an additional 6,493 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 344.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,191 shares of the company’s stock worth $5,380,000 after buying an additional 17,193 shares during the last quarter. NewEdge Advisors LLC increased its position in iShares U.S. Aerospace & Defense ETF by 27.0% in the second quarter. NewEdge Advisors LLC now owns 58,393 shares of the company’s stock worth $14,156,000 after buying an additional 12,426 shares during the period. Finally, Capstone Financial Advisors Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF in the second quarter worth $573,000.
iShares U.S. Aerospace & Defense ETF Stock Up 1.0%
ITA stock opened at $209.07 on Friday. iShares U.S. Aerospace & Defense ETF has a fifty-two week low of $195.71 and a fifty-two week high of $256.60. The firm’s 50-day simple moving average is $222.69 and its 200 day simple moving average is $228.54. The stock has a market cap of $9.20 billion, a PE ratio of 34.35 and a beta of 0.87.
Shares of iShares U.S. Aerospace & Defense ETF are scheduled to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the market closes on Wednesday, November 4th.
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.
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Want to see what other hedge funds are holding ITA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report).
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