Cetera Investment Advisers cut its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 39.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 381,674 shares of the company’s stock after selling 251,945 shares during the period. Cetera Investment Advisers owned 0.87% of iShares U.S. Aerospace & Defense ETF worth $83,491,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in ITA. Bogart Wealth LLC boosted its position in shares of iShares U.S. Aerospace & Defense ETF by 447.6% during the first quarter. Bogart Wealth LLC now owns 115 shares of the company’s stock worth $25,000 after acquiring an additional 94 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in iShares U.S. Aerospace & Defense ETF by 395.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after acquiring an additional 95 shares during the last quarter. Optima Capital LLC bought a new stake in iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at $28,000. Clearstead Trust LLC purchased a new stake in iShares U.S. Aerospace & Defense ETF in the 1st quarter worth $28,000. Finally, GHP Investment Advisors Inc. purchased a new stake in iShares U.S. Aerospace & Defense ETF in the 4th quarter worth $30,000.
iShares U.S. Aerospace & Defense ETF Stock Up 3.1%
ITA opened at $238.23 on Friday. The company has a market capitalization of $10.48 billion, a PE ratio of 34.35 and a beta of 0.87. The firm has a 50-day simple moving average of $233.85 and a two-hundred day simple moving average of $232.05. iShares U.S. Aerospace & Defense ETF has a 52 week low of $191.19 and a 52 week high of $251.49.
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.
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