Polaris Investment Advisors LLC Cuts Stake in iShares U.S. Aerospace & Defense ETF $ITA

Polaris Investment Advisors LLC reduced its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 37.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,095 shares of the company’s stock after selling 3,006 shares during the period. iShares U.S. Aerospace & Defense ETF comprises approximately 0.8% of Polaris Investment Advisors LLC’s portfolio, making the stock its 28th biggest holding. Polaris Investment Advisors LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,115,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. LPL Financial LLC grew its holdings in shares of iShares U.S. Aerospace & Defense ETF by 11.5% during the 4th quarter. LPL Financial LLC now owns 3,152,397 shares of the company’s stock valued at $676,788,000 after purchasing an additional 325,026 shares during the last quarter. Morgan Stanley lifted its stake in iShares U.S. Aerospace & Defense ETF by 6.1% in the fourth quarter. Morgan Stanley now owns 2,993,497 shares of the company’s stock worth $642,674,000 after purchasing an additional 171,385 shares during the last quarter. Wells Fargo & Company MN lifted its stake in iShares U.S. Aerospace & Defense ETF by 13.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,270,586 shares of the company’s stock worth $272,782,000 after purchasing an additional 148,199 shares during the last quarter. BNP Paribas Financial Markets boosted its position in iShares U.S. Aerospace & Defense ETF by 49.7% during the third quarter. BNP Paribas Financial Markets now owns 912,502 shares of the company’s stock valued at $190,950,000 after buying an additional 302,774 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in iShares U.S. Aerospace & Defense ETF by 12.9% during the third quarter. Ameriprise Financial Inc. now owns 877,965 shares of the company’s stock valued at $183,684,000 after buying an additional 100,299 shares during the period.

iShares U.S. Aerospace & Defense ETF Trading Up 0.5%

Shares of BATS:ITA opened at $237.38 on Friday. The stock has a market capitalization of $10.44 billion, a P/E ratio of 34.35 and a beta of 0.87. The stock’s 50-day moving average price is $227.55 and its 200-day moving average price is $228.43. iShares U.S. Aerospace & Defense ETF has a 12-month low of $182.75 and a 12-month high of $250.65.

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.