Sovereign Financial Group Inc. Invests $589,000 in iShares U.S. Aerospace & Defense ETF $ITA

Sovereign Financial Group Inc. purchased a new position in shares of iShares U.S. Aerospace & Defense ETF (BATS:ITA) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,813 shares of the company’s stock, valued at approximately $589,000.

A number of other large investors have also modified their holdings of the business. BNP Paribas Financial Markets grew its holdings in iShares U.S. Aerospace & Defense ETF by 283.3% during the second quarter. BNP Paribas Financial Markets now owns 609,728 shares of the company’s stock worth $115,019,000 after acquiring an additional 450,652 shares during the period. CWM LLC boosted its stake in shares of iShares U.S. Aerospace & Defense ETF by 1,470.8% during the 3rd quarter. CWM LLC now owns 437,468 shares of the company’s stock worth $91,545,000 after acquiring an additional 409,618 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares U.S. Aerospace & Defense ETF in the 2nd quarter worth approximately $34,118,000. Goldman Sachs Group Inc. increased its stake in iShares U.S. Aerospace & Defense ETF by 55.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 424,645 shares of the company’s stock valued at $65,013,000 after purchasing an additional 151,757 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in iShares U.S. Aerospace & Defense ETF by 788.3% during the second quarter. Bank of Montreal Can now owns 117,541 shares of the company’s stock worth $22,173,000 after purchasing an additional 104,309 shares during the last quarter.

iShares U.S. Aerospace & Defense ETF Trading Up 47.3%

BATS:ITA opened at $218.13 on Friday. The firm has a 50-day moving average price of $208.96 and a two-hundred day moving average price of $200.75. iShares U.S. Aerospace & Defense ETF has a twelve month low of $129.14 and a twelve month high of $198.47. The company has a market capitalization of $9.60 billion, a P/E ratio of 34.35 and a beta of 0.87.

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). 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.