Janney Montgomery Scott LLC Sells 95,333 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Janney Montgomery Scott LLC lessened its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 33.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 188,154 shares of the company’s stock after selling 95,333 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $41,159,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AQR Capital Management LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the 1st quarter valued at about $460,000. Goldman Sachs Group Inc. grew its stake in iShares U.S. Aerospace & Defense ETF by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 424,645 shares of the company’s stock worth $65,013,000 after acquiring an additional 151,757 shares in the last quarter. Russell Investments Group Ltd. grew its stake in iShares U.S. Aerospace & Defense ETF by 298.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 626 shares of the company’s stock worth $118,000 after acquiring an additional 469 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the second quarter worth approximately $359,000. Finally, Cerity Partners LLC increased its position in shares of iShares U.S. Aerospace & Defense ETF by 7.3% during the second quarter. Cerity Partners LLC now owns 24,844 shares of the company’s stock worth $4,687,000 after acquiring an additional 1,688 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

iShares U.S. Aerospace & Defense ETF stock opened at $236.78 on Monday. The company has a market capitalization of $10.42 billion, a PE ratio of 34.35 and a beta of 0.87. The company has a 50 day moving average price of $227.61 and a 200-day moving average price of $228.66. iShares U.S. Aerospace & Defense ETF has a fifty-two week low of $183.42 and a fifty-two week high of $250.65.

iShares U.S. Aerospace & Defense ETF Company 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.