Financial Management Professionals Inc. Sells 5,823 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Financial Management Professionals Inc. cut its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 72.1% in the second quarter, Holdings Channel reports. The fund owned 2,249 shares of the company’s stock after selling 5,823 shares during the quarter. Financial Management Professionals Inc.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Capital Partners LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 16.0% in the 2nd quarter. Wealthcare Capital Partners LLC now owns 1,221 shares of the company’s stock valued at $296,000 after purchasing an additional 168 shares in the last quarter. AFG Fiduciary Services Limited Partnership bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the second quarter valued at approximately $755,000. World Equity Group Inc. boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 52.9% during the second quarter. World Equity Group Inc. now owns 2,960 shares of the company’s stock valued at $718,000 after purchasing an additional 1,024 shares in the last quarter. Herbst Group LLC increased its holdings in iShares U.S. Aerospace & Defense ETF by 3.1% during the second quarter. Herbst Group LLC now owns 19,140 shares of the company’s stock valued at $4,640,000 after buying an additional 582 shares during the period. Finally, Sax Wealth Advisors LLC increased its holdings in iShares U.S. Aerospace & Defense ETF by 8.9% during the second quarter. Sax Wealth Advisors LLC now owns 1,665 shares of the company’s stock valued at $404,000 after buying an additional 136 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Up 0.2%

Shares of BATS:ITA opened at $251.13 on Tuesday. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52 week low of $191.82 and a 52 week high of $256.60. The firm has a 50 day moving average of $238.46 and a 200 day moving average of $232.90.

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). 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.