Moloney Securities Asset Management LLC Cuts Stock Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Moloney Securities Asset Management LLC lowered its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,173 shares of the company’s stock after selling 191 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $360,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Howard Capital Management Group LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.8% in the fourth quarter. Howard Capital Management Group LLC now owns 186,333 shares of the company’s stock worth $30,898,000 after buying an additional 6,861 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in SPDR S&P Aerospace & Defense ETF by 20.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock worth $22,414,000 after acquiring an additional 24,404 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $19,962,000. Raymond James & Associates boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 1.4% during the 3rd quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock valued at $12,559,000 after acquiring an additional 1,102 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 51.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock valued at $12,632,000 after acquiring an additional 25,812 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR opened at $175.78 on Tuesday. The stock has a market capitalization of $2.64 billion, a PE ratio of 30.33 and a beta of 0.85. The company’s fifty day moving average is $170.75 and its 200 day moving average is $161.77. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $130.76 and a fifty-two week high of $181.38.

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.