iShares U.S. Aerospace & Defense ETF $ITA Shares Sold by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC reduced its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 82.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,500 shares of the company’s stock after selling 11,620 shares during the period. Merrion Investment Management Co LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $518,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Old Mission Investment Co LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth approximately $679,000. Baird Financial Group Inc. boosted its stake in iShares U.S. Aerospace & Defense ETF by 6.2% in the second quarter. Baird Financial Group Inc. now owns 111,570 shares of the company’s stock valued at $27,047,000 after acquiring an additional 6,493 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake 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 worth $5,380,000 after buying an additional 17,193 shares during the last quarter. Capstone Financial Advisors Inc. purchased a new stake in iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $573,000. Finally, NewEdge Advisors LLC boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 27.0% during the second quarter. NewEdge Advisors LLC now owns 58,393 shares of the company’s stock worth $14,156,000 after buying an additional 12,426 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA traded up $2.15 during trading on Friday, hitting $209.07. The stock had a trading volume of 1,655,402 shares, compared to its average volume of 943,439. The company’s 50-day moving average price is $222.69 and its 200 day moving average price is $228.54. The firm has a market capitalization of $9.20 billion, a P/E ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a twelve month low of $195.71 and a twelve month high of $256.60.

iShares U.S. Aerospace & Defense ETF’s stock is set to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

About iShares U.S. Aerospace & Defense ETF

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.