SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lessened its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,978 shares of the company’s stock after selling 467 shares during the period. Foundations Investment Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $837,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of XAR. Solstein Capital LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at approximately $46,000. Mather Group LLC. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $49,000. GPS Wealth Strategies Group LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 43.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 459 shares of the company’s stock valued at $64,000 after acquiring an additional 140 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the second quarter valued at $77,000. Finally, Pineridge Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth about $79,000.

SPDR S&P Aerospace & Defense ETF Trading Down 2.1 %

Shares of XAR stock opened at $147.41 on Friday. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The firm has a 50-day moving average price of $147.38 and a 200 day moving average price of $141.99. SPDR S&P Aerospace & Defense ETF has a twelve month low of $108.32 and a twelve month high of $156.43.

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.