Joseph P. Lucia & Associates LLC Cuts Stock Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Joseph P. Lucia & Associates LLC decreased its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 17.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,506 shares of the company’s stock after selling 320 shares during the quarter. Joseph P. Lucia & Associates LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $250,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in XAR. Howard Capital Management Group LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 3.8% during the fourth quarter. Howard Capital Management Group LLC now owns 186,333 shares of the company’s stock worth $30,898,000 after purchasing an additional 6,861 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in SPDR S&P Aerospace & Defense ETF by 20.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock worth $22,414,000 after purchasing an additional 24,404 shares in the last quarter. Raymond James & Associates boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock valued at $12,559,000 after buying an additional 1,102 shares during the period. Enclave Advisors LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 20.8% in the fourth quarter. Enclave Advisors LLC now owns 74,384 shares of the company’s stock worth $12,334,000 after acquiring an additional 12,786 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 5.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 50,364 shares of the company’s stock worth $7,924,000 after purchasing an additional 2,466 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

XAR opened at $174.90 on Tuesday. SPDR S&P Aerospace & Defense ETF has a one year low of $127.75 and a one year high of $181.38. The business’s 50-day simple moving average is $170.13 and its 200-day simple moving average is $159.75. The company has a market cap of $2.63 billion, a P/E ratio of 30.33 and a beta of 0.85.

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.