Lido Advisors LLC Trims Position in SPDR S&P Aerospace & Defense ETF $XAR

Lido Advisors LLC decreased its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 59.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,103 shares of the company’s stock after selling 23,807 shares during the quarter. Lido Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $4,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Turtle Creek Wealth Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the first quarter worth about $28,000. Strive Financial Group LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $30,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at about $43,000. Key Financial Inc purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $50,000. Finally, Gables Capital Management Inc. grew its holdings in SPDR S&P Aerospace & Defense ETF by 131.7% in the 1st quarter. Gables Capital Management Inc. now owns 241 shares of the company’s stock valued at $61,000 after buying an additional 137 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $269.01 on Friday. The company has a market cap of $6.03 billion, a P/E ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a 12 month low of $208.77 and a 12 month high of $295.39. The company has a 50-day moving average of $274.71 and a 200-day moving average of $272.57.

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.