Prostatis Group LLC Has $2.74 Million Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

Prostatis Group LLC decreased its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 49.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,649 shares of the company’s stock after selling 11,407 shares during the quarter. Prostatis Group LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $2,737,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of XAR. Heritage Wealth Management Inc. bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at about $208,000. Bryn Mawr Trust Advisors LLC boosted its holdings in SPDR S&P Aerospace & Defense ETF by 9.2% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 2,118 shares of the company’s stock worth $498,000 after purchasing an additional 179 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 123.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 9,290 shares of the company’s stock valued at $2,183,000 after acquiring an additional 5,127 shares in the last quarter. AE Wealth Management LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 121.2% in the third quarter. AE Wealth Management LLC now owns 2,429 shares of the company’s stock valued at $571,000 after acquiring an additional 1,331 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in SPDR S&P Aerospace & Defense ETF by 60.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,600 shares of the company’s stock worth $376,000 after acquiring an additional 600 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 1.8%

NYSEARCA:XAR opened at $272.96 on Monday. SPDR S&P Aerospace & Defense ETF has a twelve month low of $137.09 and a twelve month high of $294.45. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. The stock’s 50 day moving average price is $253.77 and its two-hundred day moving average price is $236.90.

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.