Envestnet Portfolio Solutions Inc. Sells 3,119 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Envestnet Portfolio Solutions Inc. reduced its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 49.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,228 shares of the company’s stock after selling 3,119 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $759,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in XAR. FSA Investment Group LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter valued at $236,000. Global View Capital Management LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 56.3% during the 3rd quarter. Global View Capital Management LLC now owns 4,697 shares of the company’s stock valued at $1,104,000 after purchasing an additional 1,691 shares during the last quarter. CAP Partners LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at about $317,000. Meitav Investment House Ltd. increased its holdings in SPDR S&P Aerospace & Defense ETF by 6.3% in the third quarter. Meitav Investment House Ltd. now owns 39,875 shares of the company’s stock valued at $9,369,000 after buying an additional 2,372 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 1.8% in the third quarter. Sequoia Financial Advisors LLC now owns 5,838 shares of the company’s stock valued at $1,372,000 after buying an additional 101 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR opened at $277.91 on Friday. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a one year low of $137.09 and a one year high of $294.45. The stock has a 50 day moving average price of $252.71 and a 200 day moving average price of $236.22.

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.