American Financial Advisors LLC Lowers Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

American Financial Advisors LLC decreased its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,746 shares of the company’s stock after selling 1,202 shares during the quarter. American Financial Advisors LLC owned approximately 0.10% of SPDR S&P Aerospace & Defense ETF worth $2,204,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth approximately $67,233,000. Howard Capital Management Group LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 14.3% during the 2nd quarter. Howard Capital Management Group LLC now owns 148,195 shares of the company’s stock valued at $20,744,000 after purchasing an additional 18,545 shares during the period. 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 valued at $18,248,000 after buying an additional 63,542 shares in the last quarter. Greenlight Capital Inc. bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth $17,560,000. Finally, Commonwealth Equity Services LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 17.2% in the 1st quarter. Commonwealth Equity Services LLC now owns 120,597 shares of the company’s stock worth $16,945,000 after buying an additional 17,730 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Up 0.9 %

NYSEARCA:XAR traded up $1.41 on Friday, reaching $153.57. 33,115 shares of the company’s stock traded hands, compared to its average volume of 74,938. The stock has a 50-day simple moving average of $145.05 and a 200-day simple moving average of $140.66. SPDR S&P Aerospace & Defense ETF has a 12 month low of $108.32 and a 12 month high of $154.28. The firm has a market cap of $2.31 billion, a PE ratio of 30.33 and a beta of 0.85.

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.