iShares U.S. Aerospace & Defense ETF (BATS:ITA) Stock Position Trimmed by Birmingham Capital Management Co. Inc. AL

Birmingham Capital Management Co. Inc. AL decreased its position in iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 55.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,000 shares of the company’s stock after selling 2,455 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in iShares U.S. Aerospace & Defense ETF were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ITA. Raymond James & Associates raised its stake in iShares U.S. Aerospace & Defense ETF by 12.4% during the 2nd quarter. Raymond James & Associates now owns 246,200 shares of the company’s stock valued at $32,511,000 after acquiring an additional 27,071 shares in the last quarter. Miracle Mile Advisors LLC grew its position in iShares U.S. Aerospace & Defense ETF by 9.1% in the 2nd quarter. Miracle Mile Advisors LLC now owns 2,394 shares of the company’s stock valued at $316,000 after buying an additional 200 shares in the last quarter. Daymark Wealth Partners LLC acquired a new position in iShares U.S. Aerospace & Defense ETF during the 3rd quarter valued at about $206,000. Lion Street Advisors LLC lifted its stake in shares of iShares U.S. Aerospace & Defense ETF by 11.4% in the 3rd quarter. Lion Street Advisors LLC now owns 2,947 shares of the company’s stock worth $441,000 after acquiring an additional 302 shares during the period. Finally, Banque Pictet & Cie SA boosted its holdings in shares of iShares U.S. Aerospace & Defense ETF by 2.1% in the second quarter. Banque Pictet & Cie SA now owns 28,850 shares of the company’s stock valued at $3,810,000 after acquiring an additional 590 shares in the last quarter.

iShares U.S. Aerospace & Defense ETF Price Performance

Shares of BATS ITA traded down $1.75 during mid-day trading on Friday, reaching $147.54. 553,313 shares of the company traded hands. The firm has a market cap of $6.93 billion, a PE ratio of 29.96 and a beta of 0.60. iShares U.S. Aerospace & Defense ETF has a fifty-two week low of $145.00 and a fifty-two week high of $206.56. The stock has a fifty day simple moving average of $151.64 and a 200-day simple moving average of $143.76.

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).