Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Envestnet Portfolio Solutions Inc. trimmed its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 34.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,347 shares of the company’s stock after selling 3,406 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,339,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in XAR. TD Capital Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at approximately $29,000. Reyes Financial Architecture Inc. purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at approximately $32,000. Brentview Investment Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at approximately $32,000. Zions Bancorporation National Association UT purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at approximately $32,000. Finally, Golden State Wealth Management LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 252 shares of the company’s stock valued at $40,000 after purchasing an additional 126 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $235.42 on Friday. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09. The company has a 50 day moving average price of $226.08 and a 200-day moving average price of $203.26. SPDR S&P Aerospace & Defense ETF has a 1-year low of $137.09 and a 1-year high of $251.24.

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.