Sowell Financial Services LLC Raises Position in iShares U.S. Aerospace & Defense ETF $ITA

Sowell Financial Services LLC grew its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 84.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 16,624 shares of the company’s stock after purchasing an additional 7,613 shares during the period. Sowell Financial Services LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $4,030,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Clearwave Capital LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 4th quarter worth $906,000. Assetmark Inc. raised its holdings in iShares U.S. Aerospace & Defense ETF by 314.8% in the 4th quarter. Assetmark Inc. now owns 15,010 shares of the company’s stock worth $3,222,000 after acquiring an additional 11,391 shares during the period. Tepp RIA LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 389.7% during the 1st quarter. Tepp RIA LLC now owns 8,814 shares of the company’s stock worth $1,928,000 after acquiring an additional 7,014 shares during the last quarter. Tsfg LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 69.3% during the 4th quarter. Tsfg LLC now owns 13,794 shares of the company’s stock worth $2,961,000 after acquiring an additional 5,648 shares during the last quarter. Finally, Odyssey Capital Advisors Inc. bought a new stake in iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at about $1,624,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of BATS:ITA opened at $251.62 on Thursday. The company has a market cap of $11.07 billion, a P/E ratio of 34.35 and a beta of 0.87. The stock’s 50-day moving average is $239.46 and its 200-day moving average is $233.09. iShares U.S. Aerospace & Defense ETF has a 52-week low of $191.82 and a 52-week high of $256.60.

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.