PKS Advisory Services LLC Has $335,000 Stake in SPDR S&P Aerospace & Defense ETF $XAR

PKS Advisory Services LLC lowered its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 70.7% in the third quarter, Holdings Channel reports. The firm owned 1,428 shares of the company’s stock after selling 3,450 shares during the quarter. PKS Advisory Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $335,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Assetmark Inc. grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 71.9% in the 3rd quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after acquiring an additional 46 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at about $28,000. Rothschild Investment LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 138.0% during the third quarter. Rothschild Investment LLC now owns 119 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the third quarter valued at approximately $32,000. Finally, Darwin Wealth Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $43,000.

SPDR S&P Aerospace & Defense ETF Stock Up 2.4%

NYSEARCA:XAR opened at $289.87 on Tuesday. SPDR S&P Aerospace & Defense ETF has a twelve month low of $137.09 and a twelve month high of $295.39. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. The stock’s 50 day moving average price is $271.97 and its two-hundred day moving average price is $245.40.

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.