American Financial Advisors LLC Decreases Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

American Financial Advisors LLC cut its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 7.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,746 shares of the company’s stock after selling 1,202 shares during the quarter. American Financial Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $2,204,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2.6% during the first quarter. Capital Investment Advisory Services LLC now owns 3,033 shares of the company’s stock worth $426,000 after purchasing an additional 77 shares during the last quarter. Worth Asset Management LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.1% during the 2nd quarter. Worth Asset Management LLC now owns 5,246 shares of the company’s stock valued at $734,000 after buying an additional 110 shares during the last quarter. FLC Capital Advisors lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.3% in the 2nd quarter. FLC Capital Advisors now owns 36,164 shares of the company’s stock valued at $5,062,000 after buying an additional 122 shares during the period. NovaPoint Capital LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 0.8% in the second quarter. NovaPoint Capital LLC now owns 17,026 shares of the company’s stock worth $2,383,000 after buying an additional 130 shares during the last quarter. Finally, Advisory Services Network LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 4.7% during the fourth quarter. Advisory Services Network LLC now owns 2,932 shares of the company’s stock worth $397,000 after acquiring an additional 132 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR traded up $1.41 during trading hours on Friday, reaching $153.57. The company had a trading volume of 33,115 shares, compared to its average volume of 74,938. SPDR S&P Aerospace & Defense ETF has a 1-year low of $108.32 and a 1-year high of $154.28. The business’s 50 day moving average price is $145.05 and its 200-day moving average price is $140.66. The firm has a market cap of $2.31 billion, a PE ratio of 30.33 and a beta of 0.85.

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.