CoreCap Advisors LLC Reduces Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

CoreCap Advisors LLC lowered its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 21.2% during the second quarter, Holdings Channel reports. The fund owned 33,083 shares of the company’s stock after selling 8,912 shares during the quarter. CoreCap Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $9,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the first quarter valued at $28,000. Glenmede Trust Co. NA acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 1st quarter worth about $30,000. Strive Financial Group LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth about $30,000. Darwin Wealth Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $43,000. Finally, Key Financial Inc purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $50,000.

SPDR S&P Aerospace & Defense ETF Stock Up 3.1%

Shares of XAR stock opened at $282.09 on Wednesday. The stock has a market cap of $6.38 billion, a PE ratio of 35.83 and a beta of 1.01. The business has a 50-day simple moving average of $274.95 and a 200-day simple moving average of $272.41. SPDR S&P Aerospace & Defense ETF has a 52-week low of $208.77 and a 52-week high of $295.39.

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.