Gateway Wealth Partners LLC Trims Stock Holdings in iShares U.S. Aerospace & Defense ETF $ITA

Gateway Wealth Partners LLC lowered its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 53.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,470 shares of the company’s stock after selling 3,950 shares during the quarter. Gateway Wealth Partners LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of ITA. AQR Capital Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the 1st quarter valued at approximately $460,000. Goldman Sachs Group Inc. lifted its position 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 acquiring an additional 151,757 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of iShares U.S. Aerospace & Defense ETF by 298.7% during the second quarter. Russell Investments Group Ltd. now owns 626 shares of the company’s stock worth $118,000 after acquiring an additional 469 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth $359,000. Finally, Cerity Partners LLC grew its position 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 valued at $4,687,000 after purchasing an additional 1,688 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

BATS:ITA opened at $236.26 on Thursday. iShares U.S. Aerospace & Defense ETF has a 52-week low of $191.19 and a 52-week high of $251.49. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. The business’s fifty day moving average is $235.58 and its 200 day moving average is $232.44.

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.