Sowell Financial Services LLC lowered its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 98.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,400 shares of the company’s stock after selling 259,175 shares during the quarter. Sowell Financial Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $786,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Barrett & Company Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at $47,000. SeaCrest Wealth Management LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 10.8% in the third quarter. SeaCrest Wealth Management LLC now owns 9,227 shares of the company’s stock valued at $2,134,000 after purchasing an additional 902 shares during the last quarter. Obermeyer Wealth Partners purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth about $436,000. Kraft Davis & Associates LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 385.4% during the third quarter. Kraft Davis & Associates LLC now owns 29,522 shares of the company’s stock worth $6,612,000 after buying an additional 23,440 shares during the period. Finally, Fifth Third Securities Inc. acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth about $3,943,000.
SPDR S&P Aerospace & Defense ETF Price Performance
XAR opened at $227.37 on Monday. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 35.83 and a beta of 1.03. The business has a 50-day moving average of $238.66 and a two-hundred day moving average of $264.86. SPDR S&P Aerospace & Defense ETF has a 12 month low of $210.14 and a 12 month high of $297.79.
SPDR S&P Aerospace & Defense ETF Company 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.
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