Advisor Resource Council Sells 21,233 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Advisor Resource Council reduced its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 90.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,120 shares of the company’s stock after selling 21,233 shares during the period. Advisor Resource Council’s holdings in SPDR S&P Aerospace & Defense ETF were worth $287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $67,233,000. Greenlight Capital Inc. purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $17,560,000. Global Assets Advisory LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at about $15,635,000. Modera Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at about $11,064,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 89.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 134,748 shares of the company’s stock worth $18,248,000 after purchasing an additional 63,542 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $140.93 on Friday. The company has a market cap of $2.12 billion, a PE ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $108.32 and a fifty-two week high of $145.38. The business has a 50-day simple moving average of $141.36 and a two-hundred day simple moving average of $136.86.

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.