SPDR S&P Aerospace & Defense ETF $XAR Stake Lowered by Southern Capital Services Inc. ADV

Southern Capital Services Inc. ADV cut its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 11.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 25,101 shares of the company’s stock after selling 3,135 shares during the period. SPDR S&P Aerospace & Defense ETF comprises approximately 4.1% of Southern Capital Services Inc. ADV’s investment portfolio, making the stock its 9th biggest holding. Southern Capital Services Inc. ADV’s holdings in SPDR S&P Aerospace & Defense ETF were worth $6,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 2,023.8% in the 4th quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after acquiring an additional 489,444 shares during the last quarter. CWM LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% during the 4th quarter. CWM LLC now owns 206,667 shares of the company’s stock valued at $49,856,000 after acquiring an additional 199,201 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at $46,032,000. Robinhood Asset Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $35,579,000. Finally, BNP Paribas Financial Markets increased its position in SPDR S&P Aerospace & Defense ETF by 174.4% in the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock worth $28,790,000 after purchasing an additional 77,870 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 2.0%

SPDR S&P Aerospace & Defense ETF stock opened at $273.83 on Thursday. The company has a market cap of $6.24 billion, a price-to-earnings ratio of 35.83 and a beta of 1.00. The firm’s fifty day moving average is $274.04 and its 200 day moving average is $271.12. SPDR S&P Aerospace & Defense ETF has a 52-week low of $207.36 and a 52-week high of $295.39.

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.