iShares U.S. Aerospace & Defense ETF $ITA Position Lowered by Sowell Financial Services LLC

Sowell Financial Services LLC reduced its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 47.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bogart Wealth LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 447.6% in the 1st quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock worth $25,000 after buying an additional 94 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $26,000. Root Financial Partners LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at $27,000. Clearstead Trust LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the 1st quarter valued at $28,000. Finally, Physician Wealth Advisors Inc. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 59.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $40,000 after acquiring an additional 71 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Down 2.1%

BATS ITA opened at $209.74 on Friday. iShares U.S. Aerospace & Defense ETF has a 1-year low of $195.71 and a 1-year high of $256.60. The company has a market capitalization of $9.23 billion, a PE ratio of 34.35 and a beta of 0.87. The firm’s fifty day simple moving average is $214.71 and its 200-day simple moving average is $229.16.

iShares U.S. Aerospace & Defense ETF’s stock is going to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued to shareholders after the closing bell 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.