iShares U.S. Aerospace & Defense ETF $ITA Stock Sold by Philadelphia Trust Co.

Philadelphia Trust Co. cut its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 89.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,055 shares of the company’s stock after selling 149,029 shares during the quarter. Philadelphia Trust Co.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,741,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Continuum Advisory LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the second quarter valued at $26,000. Clearstead Trust LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the 1st quarter worth $28,000. Root Financial Partners LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the 3rd quarter worth $27,000. Wellington Grp LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF in the 1st quarter valued at about $41,000. Finally, Physician Wealth Advisors Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 59.2% in the third quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $40,000 after purchasing an additional 71 shares during the period.

iShares U.S. Aerospace & Defense ETF Trading Up 0.9%

ITA stock opened at $72.35 on Wednesday. The company has a market cap of $12.33 billion, a P/E ratio of 28.29 and a beta of 0.78. iShares U.S. Aerospace & Defense ETF has a 52 week low of $65.24 and a 52 week high of $85.53. The company’s 50-day moving average price is $70.57 and its 200 day moving average price is $76.07.

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.