Envestnet Asset Management Inc. Lowers Position in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Envestnet Asset Management Inc. trimmed its holdings in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 265,122 shares of the company’s stock after selling 9,955 shares during the quarter. Envestnet Asset Management Inc. owned about 0.56% of iShares U.S. Aerospace & Defense ETF worth $35,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Asset Dedication LLC bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the second quarter worth approximately $25,000. Cultivar Capital Inc. bought a new position in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter valued at $28,000. Fifth Third Bancorp bought a new stake in shares of iShares U.S. Aerospace & Defense ETF during the 2nd quarter worth $29,000. Finally, Tortoise Investment Management LLC purchased a new position in iShares U.S. Aerospace & Defense ETF in the fourth quarter worth $30,000.

iShares U.S. Aerospace & Defense ETF Stock Up 0.4 %

BATS ITA opened at $147.89 on Friday. The stock’s 50-day simple moving average is $141.67 and its two-hundred day simple moving average is $135.35. iShares U.S. Aerospace & Defense ETF has a twelve month low of $145.00 and a twelve month high of $206.56. The company has a market capitalization of $6.95 billion, a price-to-earnings ratio of 29.96 and a beta of 0.60.

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).