Creative Planning Decreases Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Creative Planning decreased its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 7.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 22,567 shares of the company’s stock after selling 1,805 shares during the period. Creative Planning’s holdings in SPDR S&P Aerospace & Defense ETF were worth $3,551,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EP Wealth Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $126,000. Optimum Investment Advisors increased its holdings in SPDR S&P Aerospace & Defense ETF by 14.9% in the 2nd quarter. Optimum Investment Advisors now owns 1,156 shares of the company’s stock worth $162,000 after buying an additional 150 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 3.7% in the 3rd quarter. Rappaport Reiches Capital Management LLC now owns 5,141 shares of the company’s stock worth $809,000 after buying an additional 182 shares in the last quarter. Spinnaker Investment Group LLC bought a new position in SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at about $382,000. Finally, CWM LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 28.9% during the 2nd quarter. CWM LLC now owns 1,684 shares of the company’s stock valued at $236,000 after acquiring an additional 378 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Up 0.5 %

Shares of XAR stock opened at $159.38 on Friday. The firm has a market capitalization of $2.39 billion, a PE ratio of 30.33 and a beta of 0.85. The company has a 50 day moving average price of $155.73 and a 200-day moving average price of $146.64. SPDR S&P Aerospace & Defense ETF has a 52 week low of $111.86 and a 52 week high of $164.88.

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.