Nova Wealth Management Inc. cut its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,148 shares of the company’s stock after selling 106 shares during the period. Nova Wealth Management Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $506,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. TD Capital Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $29,000. Roxbury Financial LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $30,000. Reyes Financial Architecture Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $32,000. Brentview Investment Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $32,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $32,000.
SPDR S&P Aerospace & Defense ETF Price Performance
Shares of XAR opened at $220.78 on Friday. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09. SPDR S&P Aerospace & Defense ETF has a 1 year low of $137.09 and a 1 year high of $224.17. The business’s 50 day simple moving average is $216.41 and its 200-day simple moving average is $190.42.
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.
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