SPDR S&P Aerospace & Defense ETF $XAR Shares Sold by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC trimmed its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 9.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,084 shares of the company’s stock after selling 3,704 shares during the quarter. Bourgeon Capital Management LLC owned approximately 0.18% of SPDR S&P Aerospace & Defense ETF worth $8,008,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of XAR. Darwin Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at $43,000. Centricity Wealth Management LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 100.0% during the 2nd quarter. Centricity Wealth Management LLC now owns 230 shares of the company’s stock worth $49,000 after acquiring an additional 115 shares in the last quarter. Reyes Financial Architecture Inc. increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 34.2% in the 2nd quarter. Reyes Financial Architecture Inc. now owns 267 shares of the company’s stock valued at $56,000 after acquiring an additional 68 shares during the last quarter. Valley National Advisers Inc. increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 156.4% in the 2nd quarter. Valley National Advisers Inc. now owns 282 shares of the company’s stock valued at $59,000 after acquiring an additional 172 shares during the last quarter. Finally, Roxbury Financial LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 63.3% during the 2nd quarter. Roxbury Financial LLC now owns 294 shares of the company’s stock worth $62,000 after acquiring an additional 114 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Up 3.8%

XAR stock opened at $250.40 on Friday. The business has a 50 day moving average price of $236.28 and a 200 day moving average price of $226.36. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $137.09 and a fifty-two week high of $254.09.

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.