NovaPoint Capital LLC cut its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,596 shares of the company’s stock after selling 320 shares during the period. NovaPoint Capital LLC owned about 0.11% of SPDR S&P Aerospace & Defense ETF worth $2,752,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in XAR. Howard Capital Management Group LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 3.8% in the 4th quarter. Howard Capital Management Group LLC now owns 186,333 shares of the company’s stock worth $30,898,000 after acquiring an additional 6,861 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 20.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock worth $22,414,000 after acquiring an additional 24,404 shares during the last quarter. Raymond James & Associates increased its holdings in SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock worth $12,559,000 after acquiring an additional 1,102 shares during the last quarter. Enclave Advisors LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 20.8% in the 4th quarter. Enclave Advisors LLC now owns 74,384 shares of the company’s stock worth $12,334,000 after acquiring an additional 12,786 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 5.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 50,364 shares of the company’s stock valued at $7,924,000 after buying an additional 2,466 shares in the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Up 0.6 %
XAR stock opened at $175.82 on Thursday. SPDR S&P Aerospace & Defense ETF has a twelve month low of $128.96 and a twelve month high of $181.38. The firm has a market capitalization of $2.64 billion, a PE ratio of 30.33 and a beta of 0.85. The stock has a 50-day simple moving average of $170.79 and a two-hundred day simple moving average of $161.18.
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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