SPDR S&P Aerospace & Defense ETF $XAR Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC cut its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 11.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 74,476 shares of the company’s stock after selling 9,820 shares during the period. Kingsview Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $17,967,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 71.9% during the third quarter. Assetmark Inc. now owns 110 shares of the company’s stock worth $26,000 after acquiring an additional 46 shares during the period. Rothschild Investment LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 138.0% in the third quarter. Rothschild Investment LLC now owns 119 shares of the company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at about $32,000. Smartleaf Asset Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at about $32,000. Finally, Center for Financial Planning Inc. acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at about $45,000.

SPDR S&P Aerospace & Defense ETF Stock Up 0.8%

Shares of NYSEARCA XAR opened at $278.90 on Thursday. The firm has a 50-day simple moving average of $264.89 and a 200-day simple moving average of $260.56. The stock has a market capitalization of $6.38 billion, a price-to-earnings ratio of 35.83 and a beta of 0.98. SPDR S&P Aerospace & Defense ETF has a 52 week low of $188.52 and a 52 week high of $295.39.

About SPDR S&P Aerospace & Defense ETF

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.