Avantax Advisory Services Inc. Trims Stock Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Avantax Advisory Services Inc. lowered its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 59.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,981 shares of the company’s stock after selling 4,388 shares during the period. Avantax Advisory Services Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $494,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $50,000. EverSource Wealth Advisors LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 1,685.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 357 shares of the company’s stock valued at $59,000 after acquiring an additional 337 shares during the period. Values First Advisors Inc. purchased a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $65,000. SRS Capital Advisors Inc. bought a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $66,000. Finally, Stonebridge Financial Group LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth approximately $77,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:XAR opened at $164.40 on Monday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a one year low of $131.78 and a one year high of $181.39. The firm has a fifty day moving average price of $168.57 and a two-hundred day moving average price of $164.97.

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.