Gerber Kawasaki Wealth & Investment Management decreased its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 33.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 128,369 shares of the company’s stock after selling 63,102 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $29,685,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of XAR. Turtle Creek Wealth Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at about $28,000. Timbuktu Capital Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth approximately $28,000. Glenmede Trust Co. NA acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth approximately $30,000. Mather Group LLC. acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the third quarter worth approximately $39,000. Finally, Latitude Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $46,000.
SPDR S&P Aerospace & Defense ETF Stock Performance
SPDR S&P Aerospace & Defense ETF stock opened at $231.09 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $210.14 and a 1 year high of $297.79. The firm has a 50 day moving average price of $237.83 and a 200 day moving average price of $264.61. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 35.83 and a beta of 1.03.
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.
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