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

ARS Investment Partners LLC lessened its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,301 shares of the company’s stock after selling 4,365 shares during the quarter. ARS Investment Partners LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $2,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in ITA. Private Trust Co. NA grew its holdings in iShares U.S. Aerospace & Defense ETF by 29.8% in the third quarter. Private Trust Co. NA now owns 3,992 shares of the company’s stock valued at $835,000 after purchasing an additional 916 shares during the period. Merrion Investment Management Co LLC boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 33.3% in the 3rd quarter. Merrion Investment Management Co LLC now owns 2,000 shares of the company’s stock valued at $419,000 after purchasing an additional 500 shares during the last quarter. Cypress Wealth Services LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at $1,591,000. DAVENPORT & Co LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 17.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 8,008 shares of the company’s stock valued at $1,676,000 after buying an additional 1,187 shares during the period. Finally, Kelly Financial Services LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 3rd quarter worth $219,000.

iShares U.S. Aerospace & Defense ETF Price Performance

BATS ITA opened at $220.29 on Thursday. iShares U.S. Aerospace & Defense ETF has a 1-year low of $129.14 and a 1-year high of $198.47. The firm has a market capitalization of $9.69 billion, a P/E ratio of 34.35 and a beta of 0.87. The business’s 50-day simple moving average is $208.44 and its 200-day simple moving average is $200.22.

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.