Migdal Insurance & Financial Holdings Ltd. Has $3.51 Million Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Migdal Insurance & Financial Holdings Ltd. cut its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 16.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 21,138 shares of the company’s stock after selling 4,061 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $3,507,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at $19,962,000. Howard Capital Management Group LLC raised its position in SPDR S&P Aerospace & Defense ETF by 21.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock worth $28,238,000 after purchasing an additional 31,277 shares during the last quarter. Bank of Montreal Can lifted its holdings in SPDR S&P Aerospace & Defense ETF by 1,273.8% during the 3rd quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock worth $4,575,000 after buying an additional 27,055 shares during the period. Foundations Investment Advisors LLC grew its position 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 valued at $4,854,000 after buying an additional 24,872 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 20.7% in the third quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock valued at $22,414,000 after buying an additional 24,404 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR opened at $173.37 on Friday. The business has a 50-day moving average of $170.83 and a 200-day moving average of $161.29. SPDR S&P Aerospace & Defense ETF has a 1 year low of $130.53 and a 1 year high of $181.38. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

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.