Waverly Advisors LLC Buys 146,492 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Waverly Advisors LLC boosted its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 792.3% in the second quarter, HoldingsChannel reports. The firm owned 164,982 shares of the company’s stock after buying an additional 146,492 shares during the period. Waverly Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $39,995,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bogart Wealth LLC raised its position in shares of iShares U.S. Aerospace & Defense ETF by 447.6% during the first quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock worth $25,000 after purchasing an additional 94 shares during the period. Continuum Advisory LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter valued at $26,000. Clearstead Trust LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the first quarter valued at about $28,000. SHP Wealth Management bought a new stake in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter worth about $35,000. Finally, Ameriflex Group Inc. raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 59.8% in the 4th quarter. Ameriflex Group Inc. now owns 179 shares of the company’s stock worth $38,000 after acquiring an additional 67 shares during the last quarter.

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

BATS ITA traded down $2.08 during trading hours on Tuesday, hitting $223.53. The company’s stock had a trading volume of 471,000 shares, compared to its average volume of 954,874. iShares U.S. Aerospace & Defense ETF has a 52 week low of $194.63 and a 52 week high of $256.60. The company has a market capitalization of $9.84 billion, a PE ratio of 34.35 and a beta of 0.87. The company’s 50-day simple moving average is $239.88 and its two-hundred day simple moving average is $233.49.

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.