Cetera Investment Advisers Reduces Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Cetera Investment Advisers decreased its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,909 shares of the company’s stock after selling 8,721 shares during the quarter. Cetera Investment Advisers owned 0.53% of SPDR S&P Aerospace & Defense ETF worth $11,046,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. LPL Financial LLC increased its position in SPDR S&P Aerospace & Defense ETF by 2.7% in the second quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock worth $149,172,000 after purchasing an additional 28,069 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $67,233,000. Envestnet Asset Management Inc. raised its holdings in SPDR S&P Aerospace & Defense ETF by 8.3% in the second quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock worth $47,029,000 after purchasing an additional 25,649 shares in the last quarter. Wulff Hansen & CO. bought a new position in SPDR S&P Aerospace & Defense ETF in the second quarter worth about $41,479,000. Finally, Howard Capital Management Group LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 14.3% in the second quarter. Howard Capital Management Group LLC now owns 148,195 shares of the company’s stock worth $20,744,000 after purchasing an additional 18,545 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 1.1 %

Shares of NYSEARCA:XAR opened at $159.36 on Friday. SPDR S&P Aerospace & Defense ETF has a twelve month low of $108.32 and a twelve month high of $160.13. The company’s 50 day moving average is $151.63 and its 200 day moving average is $144.42. The company has a market cap of $2.39 billion, a PE 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.