iShares U.S. Aerospace & Defense ETF $ITA Stock: Sowell Financial Services LLC Reduces Holdings

Sowell Financial Services LLC lessened its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 47.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Old Mission Investment Co LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $679,000. Sequoia Financial Advisors LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 344.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 22,191 shares of the company’s stock valued at $5,380,000 after purchasing an additional 17,193 shares during the last quarter. Capstone Financial Advisors Inc. acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at $573,000. Waverly Advisors LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 792.3% in the 2nd quarter. Waverly Advisors LLC now owns 164,982 shares of the company’s stock valued at $39,995,000 after purchasing an additional 146,492 shares during the last quarter. Finally, Performa Ltd US LLC bought a new stake in iShares U.S. Aerospace & Defense ETF in the second quarter worth $606,000.

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

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

Shares of iShares U.S. Aerospace & Defense ETF are going to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be payable to shareholders after the market closes 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.