Bryn Mawr Capital Management LLC Reduces Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Bryn Mawr Capital Management LLC lessened its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,098 shares of the company’s stock after selling 68 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $348,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Howard Capital Management Group LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 21.1% in the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after acquiring an additional 31,277 shares during the period. Raymond James & Associates lifted its stake in SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock worth $12,559,000 after purchasing an additional 1,102 shares in the last quarter. Private Advisor Group LLC boosted its holdings in SPDR S&P Aerospace & Defense ETF by 17.1% in the 3rd quarter. Private Advisor Group LLC now owns 19,244 shares of the company’s stock valued at $3,028,000 after purchasing an additional 2,814 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at $1,854,000. Finally, Gateway Wealth Partners LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 10.7% in the third quarter. Gateway Wealth Partners LLC now owns 1,847 shares of the company’s stock worth $291,000 after purchasing an additional 179 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $162.69 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 52-week low of $131.78 and a 52-week high of $181.38. The business’s fifty day moving average is $170.74 and its 200 day moving average is $162.98.

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.