SPDR S&P Aerospace & Defense ETF $XAR Stock Sold by Sowell Financial Services LLC

Sowell Financial Services LLC cut its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 97.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,799 shares of the company’s stock after selling 255,776 shares during the period. Sowell Financial Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,572,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of XAR. Rinkey Investments acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $20,186,000. Confluence Investment Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at $14,634,000. Piedmont Capital Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $26,305,000. JNBA Financial Advisors acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $956,000. Finally, Advisory Solutions Group LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $596,000.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock opened at $217.79 on Friday. The company has a fifty day moving average price of $243.83 and a 200 day moving average price of $262.75. SPDR S&P Aerospace & Defense ETF has a 12 month low of $210.14 and a 12 month high of $297.79. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 35.83 and a beta of 1.03.

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.