International Assets Investment Management LLC reduced its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 68.9% during the 1st quarter, HoldingsChannel reports. The fund owned 1,275 shares of the company’s stock after selling 2,820 shares during the period. International Assets Investment Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $331,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the 4th quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock valued at $310,449,000 after purchasing an additional 68,722 shares in the last quarter. Bank of America Corp DE boosted its position in SPDR S&P Aerospace & Defense ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 810,236 shares of the company’s stock worth $190,373,000 after purchasing an additional 44,082 shares in the last quarter. Corient Private Wealth LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 2,023.8% in the fourth quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock valued at $123,908,000 after purchasing an additional 489,444 shares during the period. Wells Fargo & Company MN increased its position in shares of SPDR S&P Aerospace & Defense ETF by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 363,676 shares of the company’s stock valued at $87,733,000 after buying an additional 58,163 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 28.7% in the third quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after buying an additional 55,705 shares in the last quarter.
SPDR S&P Aerospace & Defense ETF Price Performance
Shares of XAR stock opened at $266.32 on Thursday. SPDR S&P Aerospace & Defense ETF has a 1-year low of $208.77 and a 1-year high of $295.39. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 35.83 and a beta of 1.00. The stock has a 50 day simple moving average of $275.16 and a 200-day simple moving average of $271.83.
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.
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