Freedom Investment Management Inc. Sells 2,010 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Freedom Investment Management Inc. decreased its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 35.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,657 shares of the company’s stock after selling 2,010 shares during the quarter. Freedom Investment Management Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $772,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. LPL Financial LLC raised its position in SPDR S&P Aerospace & Defense ETF by 1.0% in the 1st quarter. LPL Financial LLC now owns 1,202,709 shares of the company’s stock valued at $193,263,000 after purchasing an additional 12,045 shares during the last quarter. Envestnet Asset Management Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 247.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock valued at $36,258,000 after purchasing an additional 160,704 shares during the last quarter. Howard Capital Management Group LLC raised its position in SPDR S&P Aerospace & Defense ETF by 0.7% in the 2nd quarter. Howard Capital Management Group LLC now owns 188,672 shares of the company’s stock valued at $39,798,000 after purchasing an additional 1,301 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 26.0% in the 1st quarter. Raymond James Financial Inc. now owns 168,110 shares of the company’s stock valued at $27,014,000 after purchasing an additional 34,722 shares during the last quarter. Finally, Affinity Wealth Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $33,947,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR opened at $250.04 on Friday. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09. SPDR S&P Aerospace & Defense ETF has a 52-week low of $137.09 and a 52-week high of $251.24. The stock has a fifty day moving average price of $228.77 and a two-hundred day moving average price of $206.43.

SPDR S&P Aerospace & Defense ETF 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.