iShares U.S. Aerospace & Defense ETF $ITA Stock Position Cut by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC decreased its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 82.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,500 shares of the company’s stock after selling 11,620 shares during the quarter. Merrion Investment Management Co LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $518,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Corient Private Wealth LP increased its stake in iShares U.S. Aerospace & Defense ETF by 665.9% in the 2nd quarter. Corient Private Wealth LP now owns 251,407 shares of the company’s stock worth $60,946,000 after buying an additional 218,581 shares in the last quarter. Waverly Advisors LLC raised its stake in shares of iShares U.S. Aerospace & Defense ETF by 792.3% in the second quarter. Waverly Advisors LLC now owns 164,982 shares of the company’s stock valued at $39,995,000 after acquiring an additional 146,492 shares during the period. Diversify Wealth Management LLC lifted its stake in iShares U.S. Aerospace & Defense ETF by 1,136.4% in the first quarter. Diversify Wealth Management LLC now owns 140,861 shares of the company’s stock worth $30,023,000 after purchasing an additional 129,468 shares during the last quarter. Bank of America Corp DE grew its position in iShares U.S. Aerospace & Defense ETF by 3.6% in the 1st quarter. Bank of America Corp DE now owns 2,997,974 shares of the company’s stock valued at $655,807,000 after acquiring an additional 104,802 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of iShares U.S. Aerospace & Defense ETF by 15.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 616,653 shares of the company’s stock worth $149,489,000 after acquiring an additional 84,677 shares during the period.

iShares U.S. Aerospace & Defense ETF Trading Up 1.0%

Shares of ITA traded up $2.15 during mid-day trading on Friday, hitting $209.07. The company’s stock had a trading volume of 1,655,402 shares, compared to its average volume of 943,439. The firm has a market capitalization of $9.20 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87. iShares U.S. Aerospace & Defense ETF has a 52-week low of $195.71 and a 52-week high of $256.60. The company’s 50-day moving average is $222.69 and its 200-day moving average is $228.54.

iShares U.S. Aerospace & Defense ETF’s stock is set to split on Thursday, November 5th. The 3-1 split was recently announced. The newly created shares will be distributed to shareholders after the closing bell on Wednesday, November 4th.

About iShares U.S. Aerospace & Defense ETF

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.