BNP Paribas Financial Markets Sells 649,796 Shares of iShares U.S. Aerospace & Defense ETF $ITA

BNP Paribas Financial Markets trimmed its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 71.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 262,706 shares of the company’s stock after selling 649,796 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.60% of iShares U.S. Aerospace & Defense ETF worth $56,400,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Physician Wealth Advisors Inc. raised its holdings in shares of 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 purchasing an additional 95 shares during the period. Optima Capital LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at about $28,000. Aventura Private Wealth LLC bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at about $28,000. GHP Investment Advisors Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 4th quarter valued at about $30,000. Finally, Wolff Wiese Magana LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 302.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 157 shares of the company’s stock valued at $34,000 after purchasing an additional 118 shares during the period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $228.33 on Wednesday. The firm’s 50-day moving average is $224.12 and its 200-day moving average is $224.51. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52-week low of $175.60 and a 52-week high of $250.65.

iShares U.S. Aerospace & Defense ETF 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.