SPDR S&P Aerospace & Defense ETF $XAR Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 1.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,737 shares of the company’s stock after selling 99 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in SPDR S&P Aerospace & Defense ETF by 247.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock valued at $36,258,000 after purchasing an additional 160,704 shares during the period. Truist Financial Corp boosted its position in SPDR S&P Aerospace & Defense ETF by 2.8% during the 2nd quarter. Truist Financial Corp now owns 25,230 shares of the company’s stock valued at $5,322,000 after purchasing an additional 678 shares during the period. Janney Montgomery Scott LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 14.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,101 shares of the company’s stock valued at $1,302,000 after purchasing an additional 1,018 shares during the period. AE Wealth Management LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 15.9% during the 1st quarter. AE Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $177,000 after purchasing an additional 151 shares during the period. Finally, HB Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth $330,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $235.42 on Friday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $137.09 and a 1 year high of $251.24. The stock has a fifty day moving average of $226.08 and a two-hundred day moving average of $203.26. The firm has a market capitalization of $4.48 billion, a PE ratio of 35.83 and a beta of 1.09.

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.