ARS Investment Partners LLC Cuts Position in iShares U.S. Aerospace & Defense ETF $ITA

ARS Investment Partners LLC decreased its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 82.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,124 shares of the company’s stock after selling 9,819 shares during the period. ARS Investment Partners LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $465,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Physician Wealth Advisors Inc. boosted its position 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 worth $26,000 after purchasing an additional 95 shares in the last quarter. Optima Capital LLC bought a new position in iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at approximately $28,000. Aventura Private Wealth LLC bought a new position in iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at approximately $28,000. GHP Investment Advisors Inc. bought a new position in iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC raised its stake in iShares U.S. Aerospace & Defense ETF by 302.6% during the fourth quarter. Wolff Wiese Magana LLC now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 118 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of BATS:ITA opened at $238.99 on Friday. The stock has a fifty day simple moving average of $227.24 and a two-hundred day simple moving average of $227.28. iShares U.S. Aerospace & Defense ETF has a 12-month low of $177.56 and a 12-month high of $250.65. The stock has a market capitalization of $10.52 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.