Fortis Advisors LLC Decreases Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Fortis Advisors LLC reduced its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 68.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,076 shares of the company’s stock after selling 2,290 shares during the quarter. Fortis Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $260,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in XAR. CWM LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% during the 4th quarter. CWM LLC now owns 206,667 shares of the company’s stock worth $49,856,000 after purchasing an additional 199,201 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth $46,032,000. Robinhood Asset Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter worth $35,579,000. BNP Paribas Financial Markets raised its stake in SPDR S&P Aerospace & Defense ETF by 174.4% in the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock valued at $28,790,000 after buying an additional 77,870 shares during the last quarter. Finally, Raymond James Financial Inc. raised its stake in SPDR S&P Aerospace & Defense ETF by 28.7% in the third quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after buying an additional 55,705 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

SPDR S&P Aerospace & Defense ETF stock opened at $288.00 on Friday. The stock has a 50-day moving average of $265.54 and a two-hundred day moving average of $261.14. SPDR S&P Aerospace & Defense ETF has a one year low of $188.52 and a one year high of $295.39. The stock has a market cap of $6.59 billion, a PE ratio of 35.83 and a beta of 0.98.

SPDR S&P Aerospace & Defense ETF Company 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.