Great Valley Advisor Group Inc. Lowers Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Great Valley Advisor Group Inc. decreased its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 8.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 6,776 shares of the company’s stock after selling 656 shares during the period. Great Valley Advisor Group Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,066,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in XAR. Wulff Hansen & CO. bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the second quarter valued at approximately $41,479,000. Strategic Financial Concepts LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2,746.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 85,674 shares of the company’s stock valued at $120,000 after buying an additional 82,664 shares in the last quarter. Cetera Investment Advisers grew its position in shares of SPDR S&P Aerospace & Defense ETF by 278.1% in the 1st quarter. Cetera Investment Advisers now owns 87,630 shares of the company’s stock worth $12,313,000 after buying an additional 64,451 shares during the period. Retirement Planning Group LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth about $5,559,000. Finally, CoreCap Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $5,459,000.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $172.42 on Tuesday. The firm has a market capitalization of $2.59 billion, a P/E ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a one year low of $125.31 and a one year high of $175.28. The company’s 50-day simple moving average is $160.85 and its 200 day simple moving average is $150.95.

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.