Herbst Group LLC Reduces Position in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Herbst Group LLC lowered its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,118 shares of the company’s stock after selling 5,670 shares during the period. iShares U.S. Aerospace & Defense ETF makes up approximately 2.8% of Herbst Group LLC’s investment portfolio, making the stock its 11th largest holding. Herbst Group LLC owned 0.07% of iShares U.S. Aerospace & Defense ETF worth $4,523,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ITA. Armstrong Advisory Group Inc. raised its position in shares of iShares U.S. Aerospace & Defense ETF by 200.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 195 shares of the company’s stock valued at $28,000 after buying an additional 130 shares during the last quarter. Fairscale Capital LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth approximately $27,000. Darwin Wealth Management LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the 3rd quarter worth about $30,000. ORG Partners LLC increased its stake in iShares U.S. Aerospace & Defense ETF by 2,000.0% during the 3rd quarter. ORG Partners LLC now owns 315 shares of the company’s stock worth $47,000 after buying an additional 300 shares during the period. Finally, Salem Investment Counselors Inc. raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 300.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 320 shares of the company’s stock valued at $47,000 after acquiring an additional 240 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Up 2.5 %

Shares of ITA opened at $151.76 on Friday. The firm’s fifty day simple moving average is $149.61 and its 200-day simple moving average is $146.11. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 29.96 and a beta of 0.60. iShares U.S. Aerospace & Defense ETF has a twelve month low of $145.00 and a twelve month high of $206.56.

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).