iShares U.S. Aerospace & Defense ETF $ITA Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. lowered its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 37.0% in the third quarter, HoldingsChannel reports. The firm owned 19,621 shares of the company’s stock after selling 11,537 shares during the quarter. Phoenix Financial Ltd.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF during the third quarter valued at $28,000. SRH Advisors LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at about $30,000. Atlantic Union Bankshares Corp acquired a new position in iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at about $31,000. Total Investment Management Inc. bought a new position in iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth about $35,000. Finally, N.E.W. Advisory Services LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 37.4% in the third quarter. N.E.W. Advisory Services LLC now owns 169 shares of the company’s stock valued at $35,000 after purchasing an additional 46 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $236.96 on Wednesday. iShares U.S. Aerospace & Defense ETF has a 1 year low of $129.14 and a 1 year high of $198.47. The stock has a fifty day moving average of $217.71 and a two-hundred day moving average of $208.24. The firm has a market capitalization of $10.43 billion, a PE ratio of 34.35 and a beta of 0.87.

iShares U.S. Aerospace & Defense ETF Company 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.