iShares U.S. Aerospace & Defense ETF $ITA Stake Lowered by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC cut its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 80.0% during the fourth quarter, HoldingsChannel reports. The fund owned 18,130 shares of the company’s stock after selling 72,714 shares during the quarter. Ocean Park Asset Management LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $3,892,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ITA. Financial Consulate Inc. purchased a new position in iShares U.S. Aerospace & Defense ETF in the third quarter valued at about $28,000. Aventura Private Wealth LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 4th quarter worth about $28,000. SRH Advisors LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at about $30,000. Wolff Wiese Magana LLC grew its stake in shares of iShares U.S. Aerospace & Defense ETF by 302.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 157 shares of the company’s stock valued at $34,000 after buying an additional 118 shares in the last quarter. Finally, Total Investment Management Inc. bought a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter valued at approximately $35,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of ITA opened at $216.04 on Monday. The firm has a market cap of $9.51 billion, a PE ratio of 34.35 and a beta of 0.87. The firm’s 50 day moving average price is $235.10 and its 200 day moving average price is $219.75. iShares U.S. Aerospace & Defense ETF has a twelve month low of $129.14 and a twelve month high of $250.65.

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.