Financial Advocates Investment Management Sells 4,906 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Financial Advocates Investment Management reduced its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 69.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,109 shares of the company’s stock after selling 4,906 shares during the period. Financial Advocates Investment Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter worth $25,000. Glass Jacobson Investment Advisors llc raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 142.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 242 shares of the company’s stock valued at $33,000 after acquiring an additional 142 shares during the last quarter. CVA Family Office LLC bought a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at approximately $34,000. Geneos Wealth Management Inc. boosted its holdings in SPDR S&P Aerospace & Defense ETF by 111.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 332 shares of the company’s stock valued at $45,000 after acquiring an additional 175 shares in the last quarter. Finally, Park Place Capital Corp purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at about $54,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $144.92 on Wednesday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 30.33 and a beta of 0.85. The stock has a 50 day moving average price of $138.15 and a 200-day moving average price of $133.68. SPDR S&P Aerospace & Defense ETF has a 52-week low of $108.32 and a 52-week high of $145.38.

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.