Farther Finance Advisors LLC Trims Stock Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Farther Finance Advisors LLC lowered its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 72.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 400 shares of the company’s stock after selling 1,066 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $66,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in XAR. Howard Capital Management Group LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 21.1% in the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after purchasing an additional 31,277 shares during the period. Flagstar Advisors Inc. boosted its holdings 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 worth $892,000 after buying an additional 77 shares during the last quarter. Kingsview Wealth Management LLC boosted its holdings in SPDR S&P Aerospace & Defense ETF by 5.1% in the 3rd quarter. Kingsview Wealth Management LLC now owns 50,364 shares of the company’s stock worth $7,924,000 after buying an additional 2,466 shares during the last quarter. Private Trust Co. NA increased its stake in SPDR S&P Aerospace & Defense ETF by 5.4% during the 3rd quarter. Private Trust Co. NA now owns 2,408 shares of the company’s stock worth $379,000 after buying an additional 123 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 1,273.8% during the third quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock valued at $4,575,000 after acquiring an additional 27,055 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $164.40 on Friday. SPDR S&P Aerospace & Defense ETF has a 1-year low of $131.78 and a 1-year high of $181.39. The company has a market cap of $2.66 billion, a PE ratio of 28.68 and a beta of 1.13. The stock’s 50 day simple moving average is $168.57 and its 200-day simple moving average is $164.88.

About SPDR S&P Aerospace & Defense ETF

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.