Waverly Advisors LLC Has $39.99 Million Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Waverly Advisors LLC grew its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 792.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,982 shares of the company’s stock after purchasing an additional 146,492 shares during the quarter. Waverly Advisors LLC owned about 0.37% of iShares U.S. Aerospace & Defense ETF worth $39,995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the first quarter worth $460,000. Goldman Sachs Group Inc. increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 55.6% during the first quarter. Goldman Sachs Group Inc. now owns 424,645 shares of the company’s stock worth $65,013,000 after buying an additional 151,757 shares in the last quarter. Russell Investments Group Ltd. raised its position in iShares U.S. Aerospace & Defense ETF by 298.7% in the second quarter. Russell Investments Group Ltd. now owns 626 shares of the company’s stock valued at $118,000 after purchasing an additional 469 shares during the last quarter. Quantbot Technologies LP acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth approximately $359,000. Finally, Cerity Partners LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 7.3% in the second quarter. Cerity Partners LLC now owns 24,844 shares of the company’s stock worth $4,687,000 after purchasing an additional 1,688 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock traded down $2.08 on Tuesday, hitting $223.53. The company had a trading volume of 471,000 shares, compared to its average volume of 954,874. The firm has a market cap of $9.84 billion, a P/E ratio of 34.35 and a beta of 0.87. The stock’s 50-day moving average is $239.88 and its two-hundred day moving average is $233.49. iShares U.S. Aerospace & Defense ETF has a twelve month low of $194.63 and a twelve month high of $256.60.

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.