Tandem Financial LLC Sells 1,198 Shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Tandem Financial LLC reduced its stake in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 8.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 13,728 shares of the company’s stock after selling 1,198 shares during the period. iShares U.S. Aerospace & Defense ETF comprises 2.3% of Tandem Financial LLC’s holdings, making the stock its 13th largest position. Tandem Financial LLC’s holdings in iShares U.S. Aerospace & Defense ETF were worth $2,102,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ITA. NBC Securities Inc. bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the first quarter valued at approximately $132,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 133,627 shares of the company’s stock valued at $20,458,000 after purchasing an additional 11,768 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 79.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,456 shares of the company’s stock valued at $529,000 after purchasing an additional 1,527 shares in the last quarter. Blue Trust Inc. increased its stake in shares of iShares U.S. Aerospace & Defense ETF by 2,162.2% during the first quarter. Blue Trust Inc. now owns 837 shares of the company’s stock valued at $128,000 after purchasing an additional 800 shares in the last quarter. Finally, Northern Trust Corp bought a new position in shares of iShares U.S. Aerospace & Defense ETF during the fourth quarter valued at approximately $585,000.

iShares U.S. Aerospace & Defense ETF Stock Performance

Shares of BATS ITA opened at $197.09 on Wednesday. iShares U.S. Aerospace & Defense ETF has a fifty-two week low of $129.14 and a fifty-two week high of $198.47. The company has a 50 day simple moving average of $184.48 and a two-hundred day simple moving average of $164.48. The company has a market capitalization of $8.67 billion, a price-to-earnings ratio of 34.35 and a beta of 0.87.

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).