Vontobel Holding Ltd. Reduces Stake in iShares U.S. Aerospace & Defense ETF

On October 20, 2024, it was reported that Vontobel Holding Ltd. has decreased its investments in the iShares U.S. Aerospace & Defense ETF (BATS:ITA) by 7.5% during the third quarter of the year. According to the latest Form 13F filed with the SEC, the firm now holds 11,628 shares of this ETF, having sold off 937 shares in the quarter. The value of Vontobel Holding Ltd.'s investment in the ETF stood at approximately $1,740,000 at the conclusion of this reporting period.

Other institutional investors and hedge funds have also been active in adjusting their positions in the iShares U.S. Aerospace & Defense ETF. For instance, Asset Dedication LLC made a new investment in the ETF valued at around $25,000 during the second quarter. Additionally, Cultivar Capital Inc. and Fairscale Capital LLC both acquired new positions in the ETF for about $27,000 each during the same period. Other new entrants included Opal Wealth Advisors LLC and Fifth Third Bancorp, purchasing stakes valued around $28,000 and $29,000, respectively.

Performance Overview of iShares U.S. Aerospace & Defense ETF

As of the latest trading day, ITA shares opened at $154.86. Over the past year, the ETF has experienced a low of $145.00 and a high of $206.56. The 50-day and 200-day moving averages stand at $147.06 and $138.48, respectively. The ETF's market capitalization is approximately $7.28 billion, with a price-to-earnings (P/E) ratio of 29.96, reflecting its performance compared to earnings. Furthermore, the ETF has a beta of 0.60, indicating its lower volatility compared to the broader market.

About iShares U.S. Aerospace & Defense ETF

The iShares U.S. Aerospace & Defense ETF, originally known as the iShares Dow Jones U.S. Aerospace & Defense Index Fund, aims to provide investment results that closely correspond to the performance of the Dow Jones U.S. Select Aerospace & Defense Index.

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Curious about other hedge fund interests in ITA? You can check HoldingsChannel.com for the latest 13F filings and insider transactions related to the iShares U.S. Aerospace & Defense ETF.

Vontobel, Investments, ETF, Aerospace, Defense, Stake