Independent Advisor Alliance Trims Stake in iShares U.S. Aerospace & Defense ETF $ITA

Independent Advisor Alliance lowered its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 33.3% in the 3rd quarter, Holdings Channel reports. The firm owned 5,078 shares of the company’s stock after selling 2,540 shares during the quarter. Independent Advisor Alliance’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,063,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blair William & Co. IL grew its position in iShares U.S. Aerospace & Defense ETF by 18.9% in the 2nd quarter. Blair William & Co. IL now owns 22,597 shares of the company’s stock valued at $4,263,000 after acquiring an additional 3,584 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 37.2% during the second quarter. Concurrent Investment Advisors LLC now owns 26,997 shares of the company’s stock valued at $5,093,000 after purchasing an additional 7,324 shares during the period. D.A. Davidson & CO. boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 49.8% during the third quarter. D.A. Davidson & CO. now owns 8,546 shares of the company’s stock valued at $1,788,000 after purchasing an additional 2,840 shares during the period. Benjamin Edwards Inc. grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 41.2% in the third quarter. Benjamin Edwards Inc. now owns 11,157 shares of the company’s stock worth $2,335,000 after purchasing an additional 3,254 shares during the last quarter. Finally, Csenge Advisory Group increased its stake in iShares U.S. Aerospace & Defense ETF by 31.3% in the 3rd quarter. Csenge Advisory Group now owns 19,834 shares of the company’s stock worth $4,151,000 after buying an additional 4,727 shares during the period.

iShares U.S. Aerospace & Defense ETF Price Performance

iShares U.S. Aerospace & Defense ETF stock opened at $234.44 on Wednesday. The stock has a market cap of $10.32 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 1 year low of $129.14 and a 1 year high of $198.47. The firm has a 50-day moving average of $220.92 and a two-hundred day moving average of $209.58.

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.