Worth Asset Management LLC Cuts Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Worth Asset Management LLC decreased its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 1.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,180 shares of the company’s stock after selling 75 shares during the quarter. Worth Asset Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $859,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of XAR. National Bank of Canada FI raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 9.5% during the second quarter. National Bank of Canada FI now owns 818 shares of the company’s stock valued at $114,000 after purchasing an additional 71 shares during the period. Flagstar Advisors Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 5,667 shares of the company’s stock worth $892,000 after buying an additional 77 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in SPDR S&P Aerospace & Defense ETF by 1.3% in the 3rd quarter. Meixler Investment Management Ltd. now owns 6,961 shares of the company’s stock valued at $1,095,000 after buying an additional 87 shares during the last quarter. Founders Financial Alliance LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.0% during the second quarter. Founders Financial Alliance LLC now owns 2,244 shares of the company’s stock valued at $314,000 after acquiring an additional 106 shares in the last quarter. Finally, Regal Investment Advisors LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 5.4% during the second quarter. Regal Investment Advisors LLC now owns 2,344 shares of the company’s stock worth $328,000 after acquiring an additional 121 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR traded down $0.03 on Wednesday, reaching $167.29. The company’s stock had a trading volume of 57,629 shares, compared to its average volume of 130,277. SPDR S&P Aerospace & Defense ETF has a 1 year low of $126.56 and a 1 year high of $177.27. The business’s 50 day moving average is $167.58 and its 200 day moving average is $156.83. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

SPDR S&P Aerospace & Defense ETF Company 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.