J.W. Cole Advisors Inc. Trims Position in iShares U.S. Aerospace & Defense ETF $ITA

J.W. Cole Advisors Inc. decreased its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 37,037 shares of the company’s stock after selling 10,967 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $7,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of ITA. Physician Wealth Advisors Inc. lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 395.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 119 shares of the company’s stock valued at $26,000 after buying an additional 95 shares during the period. Aventura Private Wealth LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $28,000. Optima Capital LLC purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $28,000. GHP Investment Advisors Inc. purchased a new position in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $30,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of 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 period.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA stock opened at $229.45 on Friday. iShares U.S. Aerospace & Defense ETF has a one year low of $175.60 and a one year high of $250.65. The company has a 50 day moving average price of $224.52 and a 200 day moving average price of $224.99. The firm has a market capitalization of $10.10 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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.