Sovereign Financial Group Inc. Invests $589,000 in iShares U.S. Aerospace & Defense ETF $ITA

Sovereign Financial Group Inc. bought a new stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,813 shares of the company’s stock, valued at approximately $589,000.

Other large investors have also added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new position in iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at about $31,000. 1 North Wealth Services LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the first quarter worth about $32,000. Total Investment Management Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth about $35,000. WPG Advisers LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the first quarter worth about $36,000. Finally, Rialto Wealth Management LLC boosted its holdings in iShares U.S. Aerospace & Defense ETF by 265.4% in the second quarter. Rialto Wealth Management LLC now owns 190 shares of the company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 47.3%

ITA stock opened at $218.13 on Friday. iShares U.S. Aerospace & Defense ETF has a 52-week low of $129.14 and a 52-week high of $198.47. The stock’s 50 day moving average is $208.96 and its two-hundred day moving average is $200.75. The company has a market capitalization of $9.60 billion, a PE ratio of 34.35 and a beta of 0.87.

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). 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.