SPDR S&P Aerospace & Defense ETF $XAR Stock Sold by Sowell Financial Services LLC

Sowell Financial Services LLC trimmed its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 98.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,400 shares of the company’s stock after selling 259,175 shares during the period. Sowell Financial Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $786,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XAR. Barrett & Company Inc. purchased a new stake in SPDR S&P Aerospace & Defense ETF during the third quarter valued at about $47,000. SeaCrest Wealth Management LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 10.8% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 9,227 shares of the company’s stock worth $2,134,000 after purchasing an additional 902 shares during the period. Obermeyer Wealth Partners purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth about $436,000. Kraft Davis & Associates LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 385.4% in the 3rd quarter. Kraft Davis & Associates LLC now owns 29,522 shares of the company’s stock valued at $6,612,000 after purchasing an additional 23,440 shares in the last quarter. Finally, Fifth Third Securities Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $3,943,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $227.37 on Monday. The stock has a 50-day simple moving average of $238.66 and a 200-day simple moving average of $264.86. The stock has a market capitalization of $5.12 billion, a P/E ratio of 35.83 and a beta of 1.03. SPDR S&P Aerospace & Defense ETF has a 1 year low of $210.14 and a 1 year high of $297.79.

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.