Spectrum Wealth Advisory Group LLC Trims Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Spectrum Wealth Advisory Group LLC decreased its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 4.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,866 shares of the company’s stock after selling 84 shares during the period. Spectrum Wealth Advisory Group LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XAR. CWM LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 31.4% in the 3rd quarter. CWM LLC now owns 2,213 shares of the company’s stock worth $348,000 after buying an additional 529 shares during the last quarter. Howard Capital Management Group LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 21.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock worth $28,238,000 after buying an additional 31,277 shares during the last quarter. Raymond James & Associates grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock worth $12,559,000 after buying an additional 1,102 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth approximately $778,000. Finally, Foundations Investment Advisors LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 416.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 30,850 shares of the company’s stock worth $4,854,000 after buying an additional 24,872 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 0.7 %

SPDR S&P Aerospace & Defense ETF stock opened at $168.77 on Friday. The company has a market capitalization of $2.53 billion, a P/E ratio of 30.33 and a beta of 0.85. The stock’s 50 day moving average is $170.67 and its 200 day moving average is $162.49. SPDR S&P Aerospace & Defense ETF has a twelve month low of $131.78 and a twelve month high of $181.38.

About SPDR S&P Aerospace & Defense ETF

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.