Cumberland Advisors Inc. Has $23.94 Million Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Cumberland Advisors Inc. cut its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 4.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 144,379 shares of the company’s stock after selling 6,485 shares during the quarter. SPDR S&P Aerospace & Defense ETF comprises about 9.6% of Cumberland Advisors Inc.’s holdings, making the stock its 3rd biggest holding. Cumberland Advisors Inc. owned about 0.96% of SPDR S&P Aerospace & Defense ETF worth $23,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in XAR. LPL Financial LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2.7% in the 2nd quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock worth $149,172,000 after buying an additional 28,069 shares during the period. Envestnet Asset Management Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 8.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock valued at $47,029,000 after purchasing an additional 25,649 shares during the last quarter. Wulff Hansen & CO. purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $41,479,000. Howard Capital Management Group LLC grew 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 valued at $28,238,000 after purchasing an additional 31,277 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 20.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock valued at $22,414,000 after purchasing an additional 24,404 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock traded up $0.80 during trading on Wednesday, hitting $168.12. 130,640 shares of the stock traded hands, compared to its average volume of 145,848. The firm’s 50 day moving average is $167.58 and its two-hundred day moving average is $156.83. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 1 year low of $126.56 and a 1 year high of $177.27.

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.