Clark Capital Management Group Inc. Lowers Stake in iShares U.S. Aerospace & Defense ETF $ITA

Clark Capital Management Group Inc. lowered its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,778 shares of the company’s stock after selling 3,043 shares during the period. Clark Capital Management Group Inc.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. boosted its holdings in iShares U.S. Aerospace & Defense ETF by 49.8% in the third quarter. D.A. Davidson & CO. now owns 8,546 shares of the company’s stock worth $1,788,000 after acquiring an additional 2,840 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of iShares U.S. Aerospace & Defense ETF by 41.2% during the third quarter. Benjamin Edwards Inc. now owns 11,157 shares of the company’s stock valued at $2,335,000 after acquiring an additional 3,254 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF by 57.2% in the 3rd quarter. Global Retirement Partners LLC now owns 16,858 shares of the company’s stock worth $3,528,000 after purchasing an additional 6,131 shares during the last quarter. Csenge Advisory Group raised its position in shares of 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 purchasing an additional 4,727 shares during the last quarter. Finally, Clear Creek Financial Management LLC bought a new position in iShares U.S. Aerospace & Defense ETF in the 3rd quarter worth about $1,175,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $232.81 on Tuesday. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a one year low of $129.14 and a one year high of $250.65. The company’s 50-day moving average is $236.96 and its 200 day moving average is $218.05.

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.