ARS Investment Partners LLC Lowers Holdings in iShares U.S. Aerospace & Defense ETF $ITA

ARS Investment Partners LLC cut its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,666 shares of the company’s stock after selling 1,934 shares during the period. ARS Investment Partners LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,144,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ITA. Atlantic Union Bankshares Corp bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at about $31,000. Rialto Wealth Management LLC lifted its holdings in iShares U.S. Aerospace & Defense ETF by 265.4% during the second quarter. Rialto Wealth Management LLC now owns 190 shares of the company’s stock worth $36,000 after buying an additional 138 shares during the period. Private Wealth Asset Management LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at about $38,000. Valley National Advisers Inc. increased its position in iShares U.S. Aerospace & Defense ETF by 41.0% during the 2nd quarter. Valley National Advisers Inc. now owns 203 shares of the company’s stock valued at $38,000 after buying an additional 59 shares in the last quarter. Finally, 1 North Wealth Services LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the first quarter valued at $32,000.

iShares U.S. Aerospace & Defense ETF Price Performance

BATS ITA opened at $202.72 on Wednesday. The company has a market capitalization of $8.92 billion, a PE ratio of 34.35 and a beta of 0.87. The company has a fifty day moving average of $208.50 and a 200 day moving average of $194.07. iShares U.S. Aerospace & Defense ETF has a 1 year low of $129.14 and a 1 year high of $198.47.

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).