Cadent Capital Advisors LLC Decreases Stock Holdings in iShares U.S. Aerospace & Defense ETF $ITA

Cadent Capital Advisors LLC decreased its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 2.9% in the third quarter, HoldingsChannel reports. The fund owned 100,014 shares of the company’s stock after selling 2,990 shares during the quarter. iShares U.S. Aerospace & Defense ETF makes up about 5.5% of Cadent Capital Advisors LLC’s portfolio, making the stock its largest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $20,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blair William & Co. IL raised its stake in iShares U.S. Aerospace & Defense ETF by 18.9% during the 2nd quarter. Blair William & Co. IL now owns 22,597 shares of the company’s stock worth $4,263,000 after acquiring an additional 3,584 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 37.2% in the second quarter. Concurrent Investment Advisors LLC now owns 26,997 shares of the company’s stock worth $5,093,000 after purchasing an additional 7,324 shares in the last quarter. Diversified Trust Co bought a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $256,000. Apollon Wealth Management LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 37.6% during the 2nd quarter. Apollon Wealth Management LLC now owns 16,529 shares of the company’s stock valued at $3,118,000 after buying an additional 4,519 shares in the last quarter. Finally, Genesee Capital Advisors LLC boosted its holdings in iShares U.S. Aerospace & Defense ETF by 55.4% in the 2nd quarter. Genesee Capital Advisors LLC now owns 8,547 shares of the company’s stock worth $1,612,000 after buying an additional 3,046 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $220.29 on Thursday. The stock has a fifty day simple moving average of $208.44 and a two-hundred day simple moving average of $200.22. The firm has a market capitalization of $9.69 billion, a PE ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52-week low of $129.14 and a 52-week high of $198.47.

iShares U.S. Aerospace & Defense ETF Company 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.