Sovran Advisors LLC Reduces Stock Position in iShares U.S. Aerospace & Defense ETF $ITA

Sovran Advisors LLC cut its holdings in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 39.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,097 shares of the company’s stock after selling 5,808 shares during the quarter. Sovran Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ITA. Armstrong Advisory Group Inc. lifted its holdings in iShares U.S. Aerospace & Defense ETF by 20.2% in the 4th quarter. Armstrong Advisory Group Inc. now owns 280 shares of the company’s stock worth $60,000 after buying an additional 47 shares during the period. Veracity Capital LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 4.2% during the fourth quarter. Veracity Capital LLC now owns 1,155 shares of the company’s stock valued at $248,000 after buying an additional 47 shares during the period. Thoroughbred Financial Services LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 2.4% during the fourth quarter. Thoroughbred Financial Services LLC now owns 2,114 shares of the company’s stock valued at $453,000 after buying an additional 49 shares during the period. JFS Wealth Advisors LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 1.6% during the fourth quarter. JFS Wealth Advisors LLC now owns 3,223 shares of the company’s stock valued at $692,000 after buying an additional 50 shares during the period. Finally, Realta Investment Advisors raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 0.9% during the fourth quarter. Realta Investment Advisors now owns 5,327 shares of the company’s stock valued at $1,144,000 after acquiring an additional 50 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of ITA stock opened at $239.06 on Monday. The stock has a fifty day moving average of $232.02 and a 200 day moving average of $231.11. iShares U.S. Aerospace & Defense ETF has a 52 week low of $188.38 and a 52 week high of $251.49. The firm has a market capitalization of $10.52 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.