Cumberland Advisors Inc. lowered its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,747 shares of the company’s stock after selling 2,255 shares during the period. SPDR S&P Aerospace & Defense ETF comprises 7.3% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. Cumberland Advisors Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $18,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Corient Private Wealth LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2,023.8% during the fourth quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after buying an additional 489,444 shares in the last quarter. CWM LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% during the fourth quarter. CWM LLC now owns 206,667 shares of the company’s stock worth $49,856,000 after buying an additional 199,201 shares during the period. Quadrature Capital Ltd acquired a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $46,032,000. Robinhood Asset Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $35,579,000. Finally, BNP Paribas Financial Markets lifted its stake in SPDR S&P Aerospace & Defense ETF by 174.4% in the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock worth $28,790,000 after acquiring an additional 77,870 shares during the last quarter.
SPDR S&P Aerospace & Defense ETF Price Performance
Shares of SPDR S&P Aerospace & Defense ETF stock opened at $287.56 on Friday. SPDR S&P Aerospace & Defense ETF has a 52-week low of $205.71 and a 52-week high of $295.39. The company has a market capitalization of $6.55 billion, a P/E ratio of 35.83 and a beta of 1.00. The company has a 50 day moving average of $272.70 and a 200 day moving average of $269.83.
About SPDR S&P Aerospace & Defense ETF
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.
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