Merit Financial Group LLC Has $847,000 Holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Merit Financial Group LLC decreased its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 20.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,689 shares of the company’s stock after selling 1,728 shares during the quarter. Merit Financial Group LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ITA. International Assets Investment Management LLC bought a new position in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth approximately $66,271,000. Royal Bank of Canada boosted its stake in iShares U.S. Aerospace & Defense ETF by 5.7% during the third quarter. Royal Bank of Canada now owns 457,574 shares of the company’s stock valued at $48,489,000 after buying an additional 24,877 shares during the period. Stifel Financial Corp boosted its stake in iShares U.S. Aerospace & Defense ETF by 25.9% during the third quarter. Stifel Financial Corp now owns 265,991 shares of the company’s stock valued at $28,189,000 after buying an additional 54,676 shares during the period. Commonwealth Equity Services LLC lifted its stake in iShares U.S. Aerospace & Defense ETF by 3.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 264,116 shares of the company’s stock worth $33,437,000 after purchasing an additional 8,322 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in iShares U.S. Aerospace & Defense ETF by 14.5% during the fourth quarter. Raymond James & Associates now owns 187,304 shares of the company’s stock worth $23,713,000 after purchasing an additional 23,775 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Up 0.4 %

BATS ITA opened at $132.57 on Monday. iShares U.S. Aerospace & Defense ETF has a 1-year low of $145.00 and a 1-year high of $206.56. The firm has a market cap of $6.23 billion, a PE ratio of 29.96 and a beta of 0.60. The stock has a 50-day moving average of $129.14 and a 200-day moving average of $123.40.

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).