IMS Capital Management Cuts Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

IMS Capital Management lowered its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,432 shares of the company’s stock after selling 99 shares during the quarter. IMS Capital Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $216,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. National Bank of Canada FI grew its position in SPDR S&P Aerospace & Defense ETF by 9.5% during the second quarter. National Bank of Canada FI now owns 818 shares of the company’s stock valued at $114,000 after acquiring an additional 71 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2.1% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 3,512 shares of the company’s stock valued at $492,000 after purchasing an additional 72 shares during the last quarter. Worth Asset Management LLC raised its position in SPDR S&P Aerospace & Defense ETF by 2.1% in the 2nd quarter. Worth Asset Management LLC now owns 5,246 shares of the company’s stock worth $734,000 after purchasing an additional 110 shares during the period. Regal Investment Advisors LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 5.4% in the second quarter. Regal Investment Advisors LLC now owns 2,344 shares of the company’s stock worth $328,000 after purchasing an additional 121 shares during the last quarter. Finally, FLC Capital Advisors boosted its position in SPDR S&P Aerospace & Defense ETF by 0.3% during the second quarter. FLC Capital Advisors now owns 36,164 shares of the company’s stock valued at $5,062,000 after buying an additional 122 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Up 0.4 %

XAR opened at $157.34 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 12 month low of $108.32 and a 12 month high of $157.46. The business’s 50-day moving average price is $150.51 and its 200-day moving average price is $143.72. The company has a market cap of $2.36 billion, a P/E ratio of 30.33 and a beta of 0.85.

SPDR S&P Aerospace & Defense ETF Company 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.