Gerber Kawasaki Wealth & Investment Management Has $26.95 Million Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Gerber Kawasaki Wealth & Investment Management lowered its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 2.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,711 shares of the company’s stock after selling 3,018 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $26,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Assetmark Inc. grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 71.9% in the 3rd quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 46 shares during the period. Rothschild Investment LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 138.0% during the 3rd quarter. Rothschild Investment LLC now owns 119 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the period. Harbor Investment Advisory LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the third quarter worth approximately $28,000. Smartleaf Asset Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the third quarter worth approximately $32,000. Finally, Center for Financial Planning Inc. acquired a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $45,000.

SPDR S&P Aerospace & Defense ETF Stock Up 0.2%

Shares of XAR opened at $279.29 on Monday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $137.09 and a 12-month high of $295.39. The business’s fifty day moving average is $274.60 and its 200 day moving average is $247.33. The stock has a market cap of $5.93 billion, a P/E ratio of 35.83 and a beta of 1.13.

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.