Kovack Advisors Inc. Trims Position in iShares U.S. Aerospace & Defense ETF (BATS:ITA)

Kovack Advisors Inc. lessened its position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,000 shares of the company’s stock after selling 114 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares U.S. Aerospace & Defense ETF were worth $291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ITA. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares U.S. Aerospace & Defense ETF during the third quarter valued at $110,000. US Bancorp DE increased its position in iShares U.S. Aerospace & Defense ETF by 13.2% during the third quarter. US Bancorp DE now owns 9,945 shares of the company’s stock valued at $1,488,000 after acquiring an additional 1,160 shares during the last quarter. Gladstone Institutional Advisory LLC increased its position in iShares U.S. Aerospace & Defense ETF by 13.9% during the third quarter. Gladstone Institutional Advisory LLC now owns 5,197 shares of the company’s stock valued at $778,000 after acquiring an additional 634 shares during the last quarter. Farther Finance Advisors LLC increased its position in iShares U.S. Aerospace & Defense ETF by 11.3% during the third quarter. Farther Finance Advisors LLC now owns 1,995 shares of the company’s stock valued at $299,000 after acquiring an additional 203 shares during the last quarter. Finally, Vigilare Wealth Management increased its position in iShares U.S. Aerospace & Defense ETF by 11.2% in the third quarter. Vigilare Wealth Management now owns 2,289 shares of the company’s stock worth $343,000 after buying an additional 231 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Stock Up 4.6 %

Shares of ITA opened at $154.94 on Friday. The business has a 50-day simple moving average of $151.56 and a two-hundred day simple moving average of $149.81. The stock has a market cap of $6.45 billion, a price-to-earnings ratio of 29.80 and a beta of 1.02. iShares U.S. Aerospace & Defense ETF has a 52 week low of $145.00 and a 52 week high of $206.56.

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).