Cadent Capital Advisors LLC trimmed its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA – Free Report) by 30.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,327 shares of the company’s stock after selling 27,852 shares during the quarter. iShares U.S. Aerospace & Defense ETF accounts for 2.9% of Cadent Capital Advisors LLC’s portfolio, making the stock its 7th largest holding. Cadent Capital Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $13,120,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Baird Financial Group Inc. boosted its holdings in iShares U.S. Aerospace & Defense ETF by 6.2% during the second quarter. Baird Financial Group Inc. now owns 111,570 shares of the company’s stock valued at $27,047,000 after purchasing an additional 6,493 shares in the last quarter. NewEdge Advisors LLC grew its position in iShares U.S. Aerospace & Defense ETF by 27.0% in the second quarter. NewEdge Advisors LLC now owns 58,393 shares of the company’s stock valued at $14,156,000 after acquiring an additional 12,426 shares during the period. Old Mission Investment Co LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth about $679,000. Tepp RIA LLC lifted its holdings 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 valued at $1,928,000 after purchasing an additional 7,014 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in iShares U.S. Aerospace & Defense ETF by 344.0% during the second quarter. Sequoia Financial Advisors LLC now owns 22,191 shares of the company’s stock worth $5,380,000 after buying an additional 17,193 shares during the last quarter.
iShares U.S. Aerospace & Defense ETF Price Performance
Shares of BATS:ITA traded up $1.32 during trading on Friday, reaching $206.20. The stock had a trading volume of 210,660 shares, compared to its average volume of 944,208. The stock has a market capitalization of $9.07 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 $195.71 and a 52 week high of $256.60. The business’s 50-day moving average price is $227.74 and its 200 day moving average price is $229.24.
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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