iShares U.S. Aerospace & Defense ETF $ITA Shares Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lowered its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 96,288 shares of the company’s stock after selling 3,726 shares during the quarter. iShares U.S. Aerospace & Defense ETF makes up 5.3% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its biggest position. Cadent Capital Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $20,672,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Financial Consulate Inc. acquired a new position in shares of iShares U.S. Aerospace & Defense ETF in the third quarter worth about $28,000. Aventura Private Wealth LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the fourth quarter valued at about $28,000. SRH Advisors LLC acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at approximately $30,000. Total Investment Management Inc. acquired a new stake in iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at approximately $35,000. Finally, N.E.W. Advisory Services LLC increased its holdings 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 purchasing an additional 46 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Down 2.5%

Shares of ITA opened at $220.12 on Friday. The business’s 50 day moving average is $235.66 and its two-hundred day moving average is $219.31. iShares U.S. Aerospace & Defense ETF has a 52-week low of $129.14 and a 52-week high of $250.65. The firm has a market cap of $9.69 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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.