Bank of New York Mellon Corp Has $12.28 Million Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Bank of New York Mellon Corp lowered its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 68.9% during the first quarter, Holdings Channel reports. The fund owned 56,112 shares of the company’s stock after selling 124,290 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares U.S. Aerospace & Defense ETF were worth $12,275,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bogart Wealth LLC boosted its position in iShares U.S. Aerospace & Defense ETF by 447.6% during the 1st quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock worth $25,000 after acquiring an additional 94 shares during the period. Physician Wealth Advisors Inc. grew its stake in iShares U.S. Aerospace & Defense ETF by 395.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 95 shares in the last quarter. Optima Capital LLC acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at about $30,000. Finally, SHP Wealth Management purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF in the fourth quarter worth approximately $35,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

ITA stock opened at $239.66 on Friday. The firm has a 50 day simple moving average of $236.16 and a 200 day simple moving average of $232.52. iShares U.S. Aerospace & Defense ETF has a 52 week low of $191.19 and a 52 week high of $251.49. The stock has a market cap of $10.55 billion, a P/E 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.