iShares U.S. Aerospace & Defense ETF (BATS:ITA) Stake Lowered by Modern Wealth Management LLC

Modern Wealth Management LLC decreased its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,151 shares of the company’s stock after selling 394 shares during the period. Modern Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ITA. Armstrong Advisory Group Inc. lifted its stake in iShares U.S. Aerospace & Defense ETF by 200.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 195 shares of the company’s stock valued at $28,000 after buying an additional 130 shares during the last quarter. Albion Financial Group UT acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter worth about $31,000. HHM Wealth Advisors LLC boosted its stake in iShares U.S. Aerospace & Defense ETF by 273.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 224 shares of the company’s stock valued at $33,000 after purchasing an additional 164 shares during the period. Marshall Investment Management LLC bought a new position in iShares U.S. Aerospace & Defense ETF in the 4th quarter worth about $35,000. Finally, Manchester Capital Management LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at approximately $39,000.

iShares U.S. Aerospace & Defense ETF Trading Up 5.6 %

ITA opened at $156.40 on Friday. iShares U.S. Aerospace & Defense ETF has a twelve month low of $126.65 and a twelve month high of $160.18. The stock has a market cap of $6.42 billion, a PE ratio of 30.31 and a beta of 1.00. The business’s 50 day moving average is $153.97 and its 200-day moving average is $150.99.

iShares U.S. Aerospace & Defense ETF 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).