SPDR S&P Aerospace & Defense ETF $XAR Stock: Teamwork Financial Advisors LLC Reduces Position

Teamwork Financial Advisors LLC reduced its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 96.5% in the third quarter, Holdings Channel.com reports. The fund owned 2,980 shares of the company’s stock after selling 81,636 shares during the period. Teamwork Financial Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Sculati Wealth Management LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 30.4% during the 3rd quarter. Sculati Wealth Management LLC now owns 1,757 shares of the company’s stock valued at $396,000 after purchasing an additional 410 shares during the period. Howard Capital Management Group LLC lifted its holdings in SPDR S&P Aerospace & Defense ETF by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 185,014 shares of the company’s stock worth $42,784,000 after purchasing an additional 606 shares in the last quarter. McKinley Carter Wealth Services Inc. purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth about $624,000. TD Waterhouse Canada Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 12.5% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,941 shares of the company’s stock worth $450,000 after purchasing an additional 216 shares in the last quarter. Finally, WealthBridge Capital Management LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 10.6% in the 3rd quarter. WealthBridge Capital Management LLC now owns 5,614 shares of the company’s stock worth $1,298,000 after purchasing an additional 540 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA XAR traded down $1.23 during trading hours on Monday, hitting $223.30. The company had a trading volume of 389,482 shares, compared to its average volume of 278,557. SPDR S&P Aerospace & Defense ETF has a 52 week low of $215.02 and a 52 week high of $297.79. The firm has a 50 day simple moving average of $249.71 and a 200 day simple moving average of $263.89. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 35.83 and a beta of 1.03.

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.