Bourgeon Capital Management LLC Trims Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Bourgeon Capital Management LLC reduced its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,248 shares of the company’s stock after selling 304 shares during the quarter. Bourgeon Capital Management LLC owned about 0.25% of SPDR S&P Aerospace & Defense ETF worth $6,342,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wulff Hansen & CO. purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth $296,000. Prairie Wealth Advisors Inc. grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 9.1% in the second quarter. Prairie Wealth Advisors Inc. now owns 1,740 shares of the company’s stock worth $244,000 after purchasing an additional 145 shares in the last quarter. Rockport Wealth LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter valued at $215,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 31.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,922 shares of the company’s stock valued at $3,349,000 after buying an additional 5,785 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in SPDR S&P Aerospace & Defense ETF by 1,234.2% in the 2nd quarter. NewEdge Advisors LLC now owns 13,942 shares of the company’s stock worth $1,952,000 after purchasing an additional 12,897 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR opened at $180.76 on Wednesday. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The company has a 50-day moving average of $169.16 and a 200-day moving average of $158.66. SPDR S&P Aerospace & Defense ETF has a 52 week low of $127.75 and a 52 week high of $180.76.

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.