Foundations Investment Advisors LLC Lowers Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Foundations Investment Advisors LLC trimmed its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 39.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,687 shares of the company’s stock after selling 12,163 shares during the quarter. Foundations Investment Advisors LLC owned 0.12% of SPDR S&P Aerospace & Defense ETF worth $3,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in XAR. Darwin Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth about $70,000. Anchor Investment Management LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 4,300.0% during the 2nd quarter. Anchor Investment Management LLC now owns 880 shares of the company’s stock worth $123,000 after buying an additional 860 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth approximately $126,000. Cable Hill Partners LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $216,000. Finally, Shepherd Financial Partners LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the third quarter valued at approximately $217,000.

SPDR S&P Aerospace & Defense ETF Trading Down 2.3 %

XAR stock opened at $174.90 on Tuesday. The stock has a market cap of $2.63 billion, a P/E ratio of 30.33 and a beta of 0.85. The stock’s fifty day simple moving average is $170.13 and its two-hundred day simple moving average is $159.75. SPDR S&P Aerospace & Defense ETF has a 1-year low of $127.75 and a 1-year high of $181.38.

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.