iShares U.S. Aerospace & Defense ETF $ITA Stock: MinichMacGregor Wealth Management LLC Decreases Stake

MinichMacGregor Wealth Management LLC cut its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 96.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,549 shares of the company’s stock after selling 66,333 shares during the period. MinichMacGregor Wealth Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $528,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. ProCore Advisors LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 2.9% in the third quarter. ProCore Advisors LLC now owns 1,821 shares of the company’s stock valued at $377,000 after acquiring an additional 52 shares in the last quarter. Signal Advisors Wealth LLC bought a new position in iShares U.S. Aerospace & Defense ETF in the third quarter valued at about $309,000. Lineweaver Wealth Advisors LLC increased its position in iShares U.S. Aerospace & Defense ETF by 2.0% during the 3rd quarter. Lineweaver Wealth Advisors LLC now owns 26,296 shares of the company’s stock worth $5,448,000 after purchasing an additional 514 shares in the last quarter. Accel Wealth Management boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 5.0% during the 3rd quarter. Accel Wealth Management now owns 31,699 shares of the company’s stock valued at $6,567,000 after acquiring an additional 1,509 shares in the last quarter. Finally, Ring Mountain Capital LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 3.0% during the third quarter. Ring Mountain Capital LLC now owns 5,882 shares of the company’s stock worth $1,219,000 after purchasing an additional 169 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Up 0.3%

BATS:ITA traded up $0.64 during trading hours on Wednesday, hitting $204.64. 363,529 shares of the company were exchanged, compared to its average volume of 939,193. The company has a fifty day simple moving average of $225.34 and a 200 day simple moving average of $228.86. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a one year low of $195.71 and a one year high of $256.60.

iShares U.S. Aerospace & Defense ETF’s stock is scheduled to split on the morning of Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be distributed to shareholders after the market closes on Wednesday, November 4th.

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.