Lido Advisors LLC Reduces Position in SPDR S&P Aerospace & Defense ETF $XAR

Lido Advisors LLC decreased its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 59.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,103 shares of the company’s stock after selling 23,807 shares during the period. Lido Advisors LLC owned 0.07% of SPDR S&P Aerospace & Defense ETF worth $4,090,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Cetera Investment Advisers lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 14.2% in the first quarter. Cetera Investment Advisers now owns 139,644 shares of the company’s stock valued at $35,467,000 after acquiring an additional 17,362 shares in the last quarter. Signature Equity Partners LLC increased its position in SPDR S&P Aerospace & Defense ETF by 47.7% during the 1st quarter. Signature Equity Partners LLC now owns 3,640 shares of the company’s stock worth $925,000 after purchasing an additional 1,176 shares in the last quarter. Marin Bay Wealth Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $471,000. Insight Advisors LLC PA acquired a new position in SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $200,000. Finally, Pacific Sun Financial Corp raised its stake in SPDR S&P Aerospace & Defense ETF by 0.3% in the 1st quarter. Pacific Sun Financial Corp now owns 17,910 shares of the company’s stock valued at $4,549,000 after purchasing an additional 45 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 0.6%

NYSEARCA:XAR opened at $269.01 on Friday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $208.77 and a 12-month high of $295.39. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 35.83 and a beta of 1.00. The company’s 50-day moving average is $274.71 and its two-hundred day moving average is $272.57.

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.