Spire Wealth Management Sells 3,085 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Spire Wealth Management reduced its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 16.8% in the 3rd quarter, Holdings Channel reports. The fund owned 15,298 shares of the company’s stock after selling 3,085 shares during the quarter. Spire Wealth Management’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,201,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Consulate Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the 3rd quarter valued at approximately $28,000. SRH Advisors LLC bought a new position in iShares U.S. Aerospace & Defense ETF in the third quarter valued at approximately $30,000. Atlantic Union Bankshares Corp acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter valued at approximately $31,000. Total Investment Management Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter valued at approximately $35,000. Finally, Rialto Wealth Management LLC increased its position in shares of iShares U.S. Aerospace & Defense ETF by 265.4% during the second quarter. Rialto Wealth Management LLC now owns 190 shares of the company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 53.6%

Shares of BATS:ITA opened at $227.39 on Friday. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 12 month low of $129.14 and a 12 month high of $198.47. The company’s fifty day simple moving average is $210.16 and its 200 day simple moving average is $203.25.

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.