Sovran Advisors LLC Lowers Position in iShares U.S. Aerospace & Defense ETF $ITA

Sovran Advisors LLC trimmed its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 39.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,097 shares of the company’s stock after selling 5,808 shares during the period. Sovran Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,988,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ITA. Armstrong Advisory Group Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 20.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 280 shares of the company’s stock valued at $60,000 after purchasing an additional 47 shares during the period. Veracity Capital LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 4.2% in the fourth quarter. Veracity Capital LLC now owns 1,155 shares of the company’s stock worth $248,000 after purchasing an additional 47 shares during the period. Thoroughbred Financial Services LLC raised its holdings in iShares U.S. Aerospace & Defense ETF by 2.4% in the fourth quarter. Thoroughbred Financial Services LLC now owns 2,114 shares of the company’s stock worth $453,000 after purchasing an additional 49 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in iShares U.S. Aerospace & Defense ETF by 1.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 3,223 shares of the company’s stock worth $692,000 after purchasing an additional 50 shares in the last quarter. Finally, Realta Investment Advisors lifted its position in iShares U.S. Aerospace & Defense ETF by 0.9% during the fourth quarter. Realta Investment Advisors now owns 5,327 shares of the company’s stock valued at $1,144,000 after buying an additional 50 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of iShares U.S. Aerospace & Defense ETF stock opened at $239.06 on Monday. iShares U.S. Aerospace & Defense ETF has a 12 month low of $188.38 and a 12 month high of $251.49. The firm has a market capitalization of $10.52 billion, a P/E ratio of 34.35 and a beta of 0.87. The business has a fifty day simple moving average of $232.02 and a two-hundred day simple moving average of $231.11.

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.