iShares U.S. Aerospace & Defense ETF $ITA Stock: Philadelphia Trust Co. Decreases Position

Philadelphia Trust Co. decreased its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 89.2% during the 3rd quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Continuum Advisory LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth $26,000. Root Financial Partners LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 3rd quarter worth about $27,000. Clearstead Trust LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 1st quarter worth about $28,000. Physician Wealth Advisors Inc. grew its stake in iShares U.S. Aerospace & Defense ETF by 59.2% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 191 shares of the company’s stock valued at $40,000 after acquiring an additional 71 shares during the last quarter. Finally, Wellington Grp LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the 1st quarter valued at about $41,000.

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

BATS:ITA opened at $72.35 on Wednesday. The firm has a 50-day moving average price of $70.57 and a two-hundred day moving average price of $76.07. iShares U.S. Aerospace & Defense ETF has a twelve month low of $65.24 and a twelve month high of $85.53. The company has a market capitalization of $12.33 billion, a P/E ratio of 28.29 and a beta of 0.78.

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.