Sowell Financial Services LLC Sells 255,776 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Sowell Financial Services LLC reduced its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 97.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,799 shares of the company’s stock after selling 255,776 shares during the period. Sowell Financial Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,572,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XAR. Advocacy Wealth Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter valued at $458,273,000. Bank of America Corp DE lifted its holdings in SPDR S&P Aerospace & Defense ETF by 5.6% during the 1st quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after buying an additional 45,281 shares during the last quarter. Howard Capital Management Group LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 185,014 shares of the company’s stock worth $42,784,000 after acquiring an additional 606 shares in the last quarter. Royal Bank of Canada boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 19.2% during the 1st quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after acquiring an additional 27,883 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 8.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock worth $35,602,000 after acquiring an additional 11,459 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $217.79 on Friday. The stock’s 50-day simple moving average is $243.83 and its 200-day simple moving average is $262.75. The firm has a market capitalization of $4.89 billion, a PE ratio of 35.83 and a beta of 1.03. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $210.14 and a fifty-two week high of $297.79.

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.