Arkadios Wealth Advisors Has $7.50 Million Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Arkadios Wealth Advisors decreased its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 16.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,855 shares of the company’s stock after selling 7,307 shares during the period. Arkadios Wealth Advisors’ holdings in iShares U.S. Aerospace & Defense ETF were worth $7,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Financial Consulate Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 3rd quarter valued at approximately $28,000. SRH Advisors LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the third quarter valued at approximately $30,000. Atlantic Union Bankshares Corp acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth $31,000. Total Investment Management Inc. bought a new position in iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth $35,000. Finally, N.E.W. Advisory Services LLC lifted its position in iShares U.S. Aerospace & Defense ETF by 37.4% during the 3rd quarter. N.E.W. Advisory Services LLC now owns 169 shares of the company’s stock worth $35,000 after acquiring an additional 46 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 60.6%

Shares of BATS:ITA opened at $237.75 on Wednesday. iShares U.S. Aerospace & Defense ETF has a twelve month low of $129.14 and a twelve month high of $198.47. The business has a 50 day moving average price of $214.62 and a 200 day moving average price of $206.55. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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.