iShares U.S. Aerospace & Defense ETF $ITA Stake Trimmed by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 47.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,693 shares of the company’s stock after selling 7,931 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,801,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ITA. Old Mission Investment Co LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the second quarter worth $679,000. Sequoia Financial Advisors LLC increased 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 valued at $5,380,000 after purchasing an additional 17,193 shares during the period. Baird Financial Group Inc. increased its position 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 valued at $27,047,000 after purchasing an additional 6,493 shares during the period. Capstone Financial Advisors Inc. purchased a new position in iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $573,000. Finally, NewEdge Advisors LLC increased its position in iShares U.S. Aerospace & Defense ETF by 27.0% during the 2nd quarter. NewEdge Advisors LLC now owns 58,393 shares of the company’s stock valued at $14,156,000 after purchasing an additional 12,426 shares during the period.

iShares U.S. Aerospace & Defense ETF Trading Down 0.6%

BATS:ITA opened at $204.48 on Friday. The company has a 50-day moving average price of $219.08 and a 200-day moving average price of $228.23. iShares U.S. Aerospace & Defense ETF has a 12 month low of $195.71 and a 12 month high of $256.60. The stock has a market cap of $9.00 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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 payable 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.