Meitav Investment House Ltd. Trims Stake in SPDR S&P Aerospace & Defense ETF $XAR

Meitav Investment House Ltd. trimmed its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,305 shares of the company’s stock after selling 5,235 shares during the quarter. Meitav Investment House Ltd. owned 0.17% of SPDR S&P Aerospace & Defense ETF worth $9,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Enclave Advisors LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 3.6% during the 4th quarter. Enclave Advisors LLC now owns 129,985 shares of the company’s stock worth $31,358,000 after acquiring an additional 4,457 shares in the last quarter. CWM LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% in the 4th quarter. CWM LLC now owns 206,667 shares of the company’s stock valued at $49,856,000 after purchasing an additional 199,201 shares in the last quarter. Robinhood Asset Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $35,579,000. Breakthru Advisory Services LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $9,259,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 1,737.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,400 shares of the company’s stock worth $7,092,000 after purchasing an additional 27,800 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR traded down $10.50 during trading hours on Tuesday, reaching $279.23. The company’s stock had a trading volume of 98,739 shares, compared to its average volume of 275,757. The stock has a 50 day moving average price of $273.26 and a two-hundred day moving average price of $270.48. The company has a market capitalization of $6.36 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 $205.71 and a 12 month 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.