Kovitz Investment Group Partners LLC Sells 2,135 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Kovitz Investment Group Partners LLC cut its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 43.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,797 shares of the company’s stock after selling 2,135 shares during the period. Kovitz Investment Group Partners LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $464,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Sanctuary Advisors LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 14.1% in the fourth quarter. Sanctuary Advisors LLC now owns 2,415 shares of the company’s stock worth $424,000 after acquiring an additional 299 shares during the period. Steward Partners Investment Advisory LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 5.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,118 shares of the company’s stock worth $517,000 after purchasing an additional 168 shares during the period. Raymond James Financial Inc. purchased a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $22,118,000. Rockefeller Capital Management L.P. bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at about $1,755,000. Finally, Allworth Financial LP lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 36.5% in the fourth quarter. Allworth Financial LP now owns 617 shares of the company’s stock worth $110,000 after buying an additional 165 shares in the last quarter.

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

Shares of NYSEARCA:XAR opened at $173.25 on Friday. The company has a 50 day moving average of $162.28 and a 200 day moving average of $166.29. The stock has a market cap of $2.76 billion, a P/E ratio of 29.48 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.05 and a 12 month high of $181.39.

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.