Kingsview Wealth Management LLC Reduces Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

Kingsview Wealth Management LLC reduced its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 19.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,720 shares of the company’s stock after selling 14,776 shares during the period. Kingsview Wealth Management LLC owned approximately 0.35% of SPDR S&P Aerospace & Defense ETF worth $13,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XAR. LPL Financial LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 1.0% in the 1st quarter. LPL Financial LLC now owns 1,202,709 shares of the company’s stock worth $193,263,000 after purchasing an additional 12,045 shares during the period. Howard Capital Management Group LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 0.7% during the second quarter. Howard Capital Management Group LLC now owns 188,672 shares of the company’s stock valued at $39,798,000 after buying an additional 1,301 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 26.0% in the first quarter. Raymond James Financial Inc. now owns 168,110 shares of the company’s stock worth $27,014,000 after buying an additional 34,722 shares in the last quarter. Affinity Wealth Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $33,947,000. Finally, Commonwealth Equity Services LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 12.5% during the first quarter. Commonwealth Equity Services LLC now owns 150,743 shares of the company’s stock valued at $24,223,000 after acquiring an additional 16,706 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 0.4%

SPDR S&P Aerospace & Defense ETF stock opened at $228.04 on Friday. The firm’s 50 day simple moving average is $235.99 and its 200 day simple moving average is $215.16. The firm has a market capitalization of $4.45 billion, a PE ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 1-year low of $137.09 and a 1-year high of $254.09.

SPDR S&P Aerospace & Defense ETF 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.