69,827 Shares of SPDR S&P Aerospace & Defense ETF $XAR Purchased by Cumberland Advisors Inc.

Cumberland Advisors Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 69,827 shares of the company’s stock, valued at approximately $16,147,000. SPDR S&P Aerospace & Defense ETF makes up approximately 5.8% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in XAR. Integrity Alliance LLC. acquired a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $563,000. Blue Bell Private Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the third quarter worth approximately $298,000. Signature Equity Partners LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 7.0% in the third quarter. Signature Equity Partners LLC now owns 3,918 shares of the company’s stock worth $906,000 after acquiring an additional 255 shares during the last quarter. Kuhn & Co Investment Counsel acquired a new position in SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth approximately $230,000. Finally, International Assets Investment Management LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 5,562.5% during the 3rd quarter. International Assets Investment Management LLC now owns 100,000 shares of the company’s stock worth $23,125,000 after acquiring an additional 98,234 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 1.3%

Shares of NYSEARCA:XAR opened at $234.07 on Wednesday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $210.14 and a 52 week high of $297.79. The company’s 50 day moving average is $237.20 and its two-hundred day moving average is $264.35. The company has a market cap of $5.27 billion, a PE ratio of 35.83 and a beta of 1.07.

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.