Kovack Advisors Inc. Sells 613 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Kovack Advisors Inc. reduced its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 21.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,250 shares of the company’s stock after selling 613 shares during the period. Kovack Advisors Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Affinity Wealth Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at about $33,947,000. Envestnet Asset Management Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 247.5% during the first quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock valued at $36,258,000 after buying an additional 160,704 shares during the last quarter. Marks Wealth LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the second quarter worth approximately $23,715,000. Stonebridge Financial Group LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 18,876.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 68,316 shares of the company’s stock worth $14,411,000 after acquiring an additional 67,956 shares during the last quarter. Finally, SMI Advisory Services LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth $9,868,000.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $248.55 on Friday. SPDR S&P Aerospace & Defense ETF has a one year low of $137.09 and a one year high of $254.09. The business has a fifty day moving average price of $232.34 and a 200-day moving average price of $210.21. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13.

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.