SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) is Cumberland Advisors Inc.’s 4th Largest Position

Cumberland Advisors Inc. trimmed its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 8.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 165,419 shares of the company’s stock after selling 15,830 shares during the period. SPDR S&P Aerospace & Defense ETF comprises 8.6% of Cumberland Advisors Inc.’s holdings, making the stock its 4th biggest holding. Cumberland Advisors Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $23,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in XAR. Powell Investment Advisors LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $237,000. VCI Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $692,000. Custom Index Systems LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $392,000. Raymond James & Associates lifted its position in SPDR S&P Aerospace & Defense ETF by 12.3% during the fourth quarter. Raymond James & Associates now owns 83,251 shares of the company’s stock valued at $11,274,000 after acquiring an additional 9,148 shares during the last quarter. Finally, Missouri Trust & Investment Co purchased a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $348,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR traded down $0.41 during midday trading on Thursday, reaching $140.46. 28,496 shares of the stock traded hands, compared to its average volume of 73,236. SPDR S&P Aerospace & Defense ETF has a 12-month low of $108.32 and a 12-month high of $145.38. The business has a 50-day moving average of $140.38 and a two-hundred day moving average of $136.56. The stock has a market capitalization of $2.11 billion, a PE ratio of 30.33 and a beta of 0.85.

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.