Midwest Financial Network LLC Sells 2,967 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Midwest Financial Network LLC lessened its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 52.3% during the third quarter, Holdings Channel reports. The institutional investor owned 2,704 shares of the company’s stock after selling 2,967 shares during the quarter. Midwest Financial Network LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the business. Corient Private Wealth LP lifted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 665.9% in the 2nd quarter. Corient Private Wealth LP now owns 251,407 shares of the company’s stock worth $60,946,000 after acquiring an additional 218,581 shares during the last quarter. Waverly Advisors LLC raised its position in iShares U.S. Aerospace & Defense ETF by 792.3% during the 2nd quarter. Waverly Advisors LLC now owns 164,982 shares of the company’s stock valued at $39,995,000 after purchasing an additional 146,492 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 1,136.4% during the first quarter. Diversify Wealth Management LLC now owns 140,861 shares of the company’s stock valued at $30,023,000 after acquiring an additional 129,468 shares in the last quarter. Bank of America Corp DE lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 3.6% in the 1st quarter. Bank of America Corp DE now owns 2,997,974 shares of the company’s stock worth $655,807,000 after purchasing an additional 104,802 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in iShares U.S. Aerospace & Defense ETF by 15.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 616,653 shares of the company’s stock valued at $149,489,000 after acquiring an additional 84,677 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Down 0.3%

ITA opened at $206.03 on Tuesday. The stock has a fifty day simple moving average of $226.28 and a two-hundred day simple moving average of $229.01. The company has a market cap of $9.07 billion, a price-to-earnings 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.

iShares U.S. Aerospace & Defense ETF shares are set to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes 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.