SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Shares Sold by Kraft Davis & Associates LLC

Kraft Davis & Associates LLC lessened its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 62,793 shares of the company’s stock after selling 1,606 shares during the period. SPDR S&P Aerospace & Defense ETF makes up approximately 2.4% of Kraft Davis & Associates LLC’s portfolio, making the stock its 16th biggest holding. Kraft Davis & Associates LLC owned 0.49% of SPDR S&P Aerospace & Defense ETF worth $8,122,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Raymond James & Associates boosted its position in SPDR S&P Aerospace & Defense ETF by 12.3% during the fourth quarter. Raymond James & Associates now owns 83,251 shares of the company’s stock worth $11,274,000 after purchasing an additional 9,148 shares in the last quarter. Custom Index Systems LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth $392,000. Prime Capital Investment Advisors LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 4.0% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,324 shares of the company’s stock worth $315,000 after purchasing an additional 90 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in SPDR S&P Aerospace & Defense ETF by 7.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 17,476 shares of the company’s stock worth $2,367,000 after purchasing an additional 1,160 shares in the last quarter. Finally, Private Trust Co. NA boosted its position in SPDR S&P Aerospace & Defense ETF by 12.1% during the fourth quarter. Private Trust Co. NA now owns 2,713 shares of the company’s stock worth $367,000 after purchasing an additional 293 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR traded up $0.05 during trading on Friday, reaching $132.15. 55,728 shares of the stock were exchanged, compared to its average volume of 79,441. The business’s 50 day moving average price is $136.83 and its two-hundred day moving average price is $129.61. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 29.37 and a beta of 0.84. SPDR S&P Aerospace & Defense ETF has a 1 year low of $108.32 and a 1 year high of $142.78.

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.