Envestnet Asset Management Inc. Decreases Stock Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Envestnet Asset Management Inc. lessened its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,938 shares of the company’s stock after selling 8,205 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $10,768,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in XAR. Wedbush Securities Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 6.5% in the 4th quarter. Wedbush Securities Inc. now owns 1,567 shares of the company’s stock valued at $260,000 after purchasing an additional 95 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 60.2% in the fourth quarter. Wells Fargo & Company MN now owns 238,949 shares of the company’s stock worth $39,623,000 after buying an additional 89,751 shares during the period. Thoroughbred Financial Services LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at about $204,000. World Investment Advisors raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.9% during the 4th quarter. World Investment Advisors now owns 9,929 shares of the company’s stock valued at $1,646,000 after buying an additional 91 shares during the period. Finally, Potomac Fund Management Inc. ADV acquired a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $300,000.

SPDR S&P Aerospace & Defense ETF Stock Down 0.0 %

NYSEARCA XAR opened at $162.86 on Friday. The stock has a market cap of $2.63 billion, a PE ratio of 28.70 and a beta of 1.01. The business has a 50 day moving average price of $162.57 and a two-hundred day moving average price of $165.74. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $131.83 and a fifty-two week high of $181.39.

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.