SPDR S&P Aerospace & Defense ETF $XAR Shares Sold by Truist Financial Corp

Truist Financial Corp reduced its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 50.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,479 shares of the company’s stock after selling 12,751 shares during the quarter. Truist Financial Corp’s holdings in SPDR S&P Aerospace & Defense ETF were worth $2,932,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Meitav Investment House Ltd. boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 6.3% during the 3rd quarter. Meitav Investment House Ltd. now owns 39,875 shares of the company’s stock worth $9,369,000 after acquiring an additional 2,372 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth about $1,487,000. Chatham Capital Group Inc. purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth approximately $718,000. B. Riley Wealth Advisors Inc. purchased a new position in SPDR S&P Aerospace & Defense ETF during the second quarter worth approximately $1,813,000. Finally, Armstrong Advisory Group Inc. grew its holdings in SPDR S&P Aerospace & Defense ETF by 4,096.5% in the third quarter. Armstrong Advisory Group Inc. now owns 23,878 shares of the company’s stock valued at $5,610,000 after purchasing an additional 23,309 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

SPDR S&P Aerospace & Defense ETF stock opened at $259.38 on Friday. The stock has a market capitalization of $5.51 billion, a PE ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $294.45. The business has a 50 day simple moving average of $257.04 and a 200-day simple moving average of $237.97.

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.