Advisory Services Network LLC reduced its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 18.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,182 shares of the company’s stock after selling 17,278 shares during the period. Advisory Services Network LLC owned approximately 0.18% of iShares U.S. Aerospace & Defense ETF worth $15,174,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth about $31,000. Rialto Wealth Management LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 265.4% during the 2nd quarter. Rialto Wealth Management LLC now owns 190 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Private Wealth Asset Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth approximately $38,000. Valley National Advisers Inc. boosted its holdings in iShares U.S. Aerospace & Defense ETF by 41.0% in the 2nd quarter. Valley National Advisers Inc. now owns 203 shares of the company’s stock worth $38,000 after acquiring an additional 59 shares during the period. Finally, 1 North Wealth Services LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF in the first quarter valued at approximately $32,000.
iShares U.S. Aerospace & Defense ETF Trading Up 41.4%
BATS ITA opened at $209.31 on Friday. The company’s fifty day simple moving average is $208.06 and its 200-day simple moving average is $198.29. iShares U.S. Aerospace & Defense ETF has a 52 week low of $129.14 and a 52 week high of $198.47. The stock has a market cap of $9.21 billion, a P/E ratio of 34.35 and a beta of 0.87.
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).
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