SPDR S&P Aerospace & Defense ETF $XAR Stock Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 81.9% during the third quarter, Holdings Channel.com reports. The firm owned 32,587 shares of the company’s stock after selling 147,541 shares during the quarter. Avior Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $7,536,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Advocacy Wealth Management LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter valued at about $458,273,000. Bank of America Corp DE raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after buying an additional 45,281 shares during the period. Royal Bank of Canada raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 19.2% in the first quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after buying an additional 27,883 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 8.9% in the first quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock worth $35,602,000 after buying an additional 11,459 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 14.2% during the 1st quarter. Cetera Investment Advisers now owns 139,644 shares of the company’s stock valued at $35,467,000 after buying an additional 17,362 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 1.2%

XAR stock opened at $225.59 on Tuesday. The business’s 50-day moving average price is $255.83 and its 200-day moving average price is $264.97. The stock has a market cap of $5.49 billion, a P/E ratio of 35.83 and a beta of 1.03. SPDR S&P Aerospace & Defense ETF has a twelve month low of $215.02 and a twelve month high of $297.79.

SPDR S&P Aerospace & Defense ETF Company Profile

The SPDR S&P Aerospace & Defense ETF (XAR) is an exchange-traded fund that mostly invests in industrials equity. The fund tracks an equal-weighted index of US aerospace & defense companies. XAR was launched on Sep 28, 2011 and is managed by State Street.