Cumberland Advisors Inc. trimmed its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,747 shares of the company’s stock after selling 2,255 shares during the quarter. SPDR S&P Aerospace & Defense ETF accounts for approximately 7.3% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 3rd biggest position. Cumberland Advisors Inc. owned 0.32% of SPDR S&P Aerospace & Defense ETF worth $18,730,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the first quarter worth about $28,000. Strive Financial Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $30,000. Milestone Investment Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $32,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth approximately $43,000. Finally, Key Financial Inc purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $50,000.
SPDR S&P Aerospace & Defense ETF Price Performance
SPDR S&P Aerospace & Defense ETF stock opened at $287.56 on Friday. The firm has a market cap of $6.55 billion, a PE ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a 52-week low of $205.71 and a 52-week high of $295.39. The company’s 50 day moving average is $272.70 and its two-hundred day moving average is $269.83.
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.
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