SPDR S&P Aerospace & Defense ETF $XAR Position Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.1% in the third quarter, Holdings Channel.com reports. The firm owned 62,524 shares of the company’s stock after selling 1,989 shares during the quarter. JPMorgan Chase & Co.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $14,691,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. increased its stake in SPDR S&P Aerospace & Defense ETF by 71.9% in the 3rd quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 46 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at $28,000. Smartleaf Asset Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter worth $32,000. Darwin Wealth Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $43,000. Finally, Center for Financial Planning Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the third quarter worth $45,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA XAR opened at $287.18 on Thursday. SPDR S&P Aerospace & Defense ETF has a one year low of $137.09 and a one year high of $295.39. The business’s 50-day moving average price is $273.38 and its two-hundred day moving average price is $246.18. The company has a market capitalization of $6.10 billion, a P/E ratio of 35.83 and a beta of 1.13.

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.