iShares U.S. Aerospace & Defense ETF $ITA Shares Bought by Sowell Financial Services LLC

Sowell Financial Services LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 84.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,624 shares of the company’s stock after purchasing an additional 7,613 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $4,030,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Clearwave Capital LLC bought a new position in iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $906,000. Assetmark Inc. increased its stake in iShares U.S. Aerospace & Defense ETF by 314.8% in the 4th quarter. Assetmark Inc. now owns 15,010 shares of the company’s stock worth $3,222,000 after acquiring an additional 11,391 shares during the last quarter. Tepp RIA LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 389.7% during the 1st quarter. Tepp RIA LLC now owns 8,814 shares of the company’s stock worth $1,928,000 after acquiring an additional 7,014 shares in the last quarter. Tsfg LLC raised its holdings in shares of iShares U.S. Aerospace & Defense ETF by 69.3% during the 4th quarter. Tsfg LLC now owns 13,794 shares of the company’s stock worth $2,961,000 after acquiring an additional 5,648 shares in the last quarter. Finally, Odyssey Capital Advisors Inc. bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the 4th quarter valued at approximately $1,624,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

BATS ITA opened at $251.62 on Thursday. The stock has a 50 day moving average price of $239.46 and a 200-day moving average price of $233.09. iShares U.S. Aerospace & Defense ETF has a one year low of $191.82 and a one year high of $256.60. The company has a market capitalization of $11.07 billion, a P/E ratio of 34.35 and a beta of 0.87.

iShares U.S. Aerospace & Defense ETF Company 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.