Sowell Financial Services LLC Sells 7,931 Shares of iShares U.S. Aerospace & Defense ETF $ITA

Sowell Financial Services LLC trimmed its stake in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 47.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,693 shares of the company’s stock after selling 7,931 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ITA. Bank of America Corp DE boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 3.6% during the first quarter. Bank of America Corp DE now owns 2,997,974 shares of the company’s stock valued at $655,807,000 after purchasing an additional 104,802 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 749,574 shares of the company’s stock worth $198,932,000 after buying an additional 51,671 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 15.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 616,653 shares of the company’s stock worth $149,489,000 after buying an additional 84,677 shares during the period. Royal Bank of Canada increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 11.9% in the first quarter. Royal Bank of Canada now owns 559,124 shares of the company’s stock worth $122,308,000 after buying an additional 59,323 shares during the period. Finally, Corient Private Wealth LP raised its holdings in iShares U.S. Aerospace & Defense ETF by 665.9% during the 2nd quarter. Corient Private Wealth LP now owns 251,407 shares of the company’s stock valued at $60,946,000 after buying an additional 218,581 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Down 0.6%

BATS:ITA opened at $204.48 on Friday. The firm has a market capitalization of $9.00 billion, a P/E ratio of 34.35 and a beta of 0.87. The company has a fifty day moving average of $219.08 and a 200 day moving average of $228.23. iShares U.S. Aerospace & Defense ETF has a 52 week low of $195.71 and a 52 week high of $256.60.

iShares U.S. Aerospace & Defense ETF shares are going to split on Thursday, November 5th. The 3-1 split was recently announced. The newly minted shares will be issued 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.