JPMorgan Chase & Co. Has $6.60 Million Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

JPMorgan Chase & Co. lowered its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 41.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,920 shares of the company’s stock after selling 29,426 shares during the quarter. JPMorgan Chase & Co. owned 0.28% of SPDR S&P Aerospace & Defense ETF worth $6,596,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XAR. Flagstar Advisors Inc. lifted its position in SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 5,667 shares of the company’s stock valued at $892,000 after acquiring an additional 77 shares in the last quarter. Meixler Investment Management Ltd. lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 1.3% in the third quarter. Meixler Investment Management Ltd. now owns 6,961 shares of the company’s stock valued at $1,095,000 after purchasing an additional 87 shares in the last quarter. Founders Financial Alliance LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 5.0% during the second quarter. Founders Financial Alliance LLC now owns 2,244 shares of the company’s stock worth $314,000 after buying an additional 106 shares during the period. Regal Investment Advisors LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.4% during the second quarter. Regal Investment Advisors LLC now owns 2,344 shares of the company’s stock worth $328,000 after buying an additional 121 shares in the last quarter. Finally, Private Trust Co. NA raised its position in SPDR S&P Aerospace & Defense ETF by 5.4% in the 3rd quarter. Private Trust Co. NA now owns 2,408 shares of the company’s stock valued at $379,000 after buying an additional 123 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA XAR opened at $170.50 on Thursday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $126.56 and a 52 week high of $177.27. The stock’s 50 day moving average price is $168.86 and its two-hundred day moving average price is $157.86. The stock has a market capitalization of $2.56 billion, a price-to-earnings 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.