iShares U.S. Aerospace & Defense ETF $ITA Stock: MinichMacGregor Wealth Management LLC Reduces Position

MinichMacGregor Wealth Management LLC decreased its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 96.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,549 shares of the company’s stock after selling 66,333 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $528,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Baird Financial Group Inc. increased its stake in iShares U.S. Aerospace & Defense ETF by 6.2% in the 2nd quarter. Baird Financial Group Inc. now owns 111,570 shares of the company’s stock worth $27,047,000 after acquiring an additional 6,493 shares during the last quarter. Old Mission Investment Co LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $679,000. Sequoia Financial Advisors LLC grew its position 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 acquiring an additional 17,193 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of 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 purchasing an additional 12,426 shares during the last quarter. Finally, Capstone Financial Advisors Inc. purchased a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter valued at about $573,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of iShares U.S. Aerospace & Defense ETF stock traded up $0.64 during midday trading on Wednesday, reaching $204.64. 363,529 shares of the company’s stock traded hands, compared to its average volume of 939,193. The stock has a 50 day moving average of $225.34 and a 200-day moving average of $228.86. The company has a market cap of $9.00 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 12 month low of $195.71 and a 12 month high of $256.60.

Shares of iShares U.S. Aerospace & Defense ETF are going to split before the market opens on Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be issued to shareholders after the closing bell on Wednesday, November 4th.

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). 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.