Pinnacle Associates Ltd. Sells 740 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Pinnacle Associates Ltd. reduced its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,617 shares of the company’s stock after selling 740 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.09% of SPDR S&P Aerospace & Defense ETF worth $3,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in XAR. Capital Investment Advisory Services LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 29.3% during the 1st quarter. Capital Investment Advisory Services LLC now owns 3,720 shares of the company’s stock worth $598,000 after acquiring an additional 844 shares during the period. World Investment Advisors boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.0% during the 1st quarter. World Investment Advisors now owns 10,033 shares of the company’s stock worth $1,612,000 after acquiring an additional 104 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 247.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock worth $36,258,000 after acquiring an additional 160,704 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 132.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 3,115 shares of the company’s stock worth $501,000 after acquiring an additional 1,775 shares during the period. Finally, Moloney Securities Asset Management LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.1% during the 1st quarter. Moloney Securities Asset Management LLC now owns 2,284 shares of the company’s stock worth $367,000 after acquiring an additional 111 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR opened at $248.55 on Friday. The business has a fifty day simple moving average of $232.34 and a 200 day simple moving average of $210.21. The company has a market capitalization of $4.84 billion, a PE ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 1 year low of $137.09 and a 1 year high of $254.09.

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.