Park Place Capital Corp Sells 110 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Park Place Capital Corp cut its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 27.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289 shares of the company’s stock after selling 110 shares during the quarter. Park Place Capital Corp’s holdings in SPDR S&P Aerospace & Defense ETF were worth $41,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. OneAscent Wealth Management LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 6.6% in the 1st quarter. OneAscent Wealth Management LLC now owns 2,929 shares of the company’s stock worth $412,000 after buying an additional 181 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 2.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,529 shares of the company’s stock worth $1,339,000 after buying an additional 238 shares in the last quarter. Flagstar Advisors Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 6.9% in the 1st quarter. Flagstar Advisors Inc. now owns 5,234 shares of the company’s stock worth $736,000 after buying an additional 336 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 82.2% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,117 shares of the company’s stock worth $438,000 after buying an additional 1,406 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the first quarter worth about $722,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $139.10 on Tuesday. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The stock’s 50-day simple moving average is $141.01 and its two-hundred day simple moving average is $136.76. 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 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.