Flagship Harbor Advisors LLC lessened its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 99.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,213 shares of the company’s stock after selling 310,057 shares during the period. Flagship Harbor Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $512,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Advocacy Wealth Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $458,273,000. Piedmont Capital Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $26,305,000. Rinkey Investments bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $20,186,000. Confluence Investment Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter worth $14,634,000. Finally, Bank of America Corp DE raised its position in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after buying an additional 45,281 shares in the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Up 4.6%
Shares of NYSEARCA XAR opened at $235.29 on Friday. The firm has a market capitalization of $5.27 billion, a P/E ratio of 35.83 and a beta of 1.03. The stock’s 50-day simple moving average is $239.55 and its two-hundred day simple moving average is $265.13. SPDR S&P Aerospace & Defense ETF has a twelve month low of $210.14 and a twelve month high of $297.79.
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.
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