Ascent Group LLC trimmed its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 62.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,579 shares of the company’s stock after selling 2,572 shares during the period. Ascent Group LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $365,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Provenance Wealth Advisors LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 39.4% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 6,209 shares of the company’s stock valued at $1,436,000 after purchasing an additional 1,756 shares during the last quarter. Associated Banc Corp purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter valued at approximately $379,000. Cumberland Advisors Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at $16,147,000. Integrity Alliance LLC. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth about $563,000. Finally, Blue Bell Private Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth approximately $298,000.
SPDR S&P Aerospace & Defense ETF Stock Up 5.5%
XAR opened at $236.40 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 52-week low of $210.14 and a 52-week high of $297.79. The firm’s fifty day simple moving average is $234.02 and its two-hundred day simple moving average is $263.09. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 35.83 and a beta of 1.07.
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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