American Financial Advisors LLC Reduces Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

American Financial Advisors LLC lowered its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,153 shares of the company’s stock after selling 1,232 shares during the quarter. American Financial Advisors LLC owned 0.13% of SPDR S&P Aerospace & Defense ETF worth $2,323,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of XAR. Bank of New York Mellon Corp boosted its holdings in SPDR S&P Aerospace & Defense ETF by 21.9% during the 1st quarter. Bank of New York Mellon Corp now owns 2,438 shares of the company’s stock valued at $304,000 after acquiring an additional 438 shares during the period. HighTower Advisors LLC boosted its holdings in SPDR S&P Aerospace & Defense ETF by 11.4% during the 1st quarter. HighTower Advisors LLC now owns 12,068 shares of the company’s stock valued at $1,505,000 after acquiring an additional 1,233 shares during the period. Bank of Montreal Can boosted its holdings in SPDR S&P Aerospace & Defense ETF by 295.7% during the 1st quarter. Bank of Montreal Can now owns 1,579 shares of the company’s stock valued at $201,000 after acquiring an additional 1,180 shares during the period. Synovus Financial Corp purchased a new position in SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $548,000. Finally, Cibc World Market Inc. lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 61.6% in the 1st quarter. Cibc World Market Inc. now owns 5,746 shares of the company’s stock worth $716,000 after buying an additional 2,190 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR stock traded up $0.13 during mid-day trading on Friday, hitting $132.23. The stock had a trading volume of 55,728 shares, compared to its average volume of 79,441. SPDR S&P Aerospace & Defense ETF has a 12-month low of $108.32 and a 12-month high of $142.78. The firm has a market capitalization of $1.99 billion, a P/E ratio of 29.37 and a beta of 0.84. The firm’s 50-day moving average is $136.84 and its two-hundred day moving average is $129.46.

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.