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

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 49.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Marks Wealth LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth approximately $23,715,000. Stonebridge Financial Group LLC increased its position in SPDR S&P Aerospace & Defense ETF by 18,876.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 68,316 shares of the company’s stock valued at $14,411,000 after purchasing an additional 67,956 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of SPDR S&P Aerospace & Defense ETF by 433.6% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 46,059 shares of the company’s stock worth $9,715,000 after buying an additional 37,427 shares during the period. Raymond James Financial Inc. raised its holdings in SPDR S&P Aerospace & Defense ETF by 15.6% during the second quarter. Raymond James Financial Inc. now owns 194,416 shares of the company’s stock worth $41,010,000 after buying an additional 26,306 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 85.3% in the 2nd quarter. Corient Private Wealth LLC now owns 53,366 shares of the company’s stock valued at $11,257,000 after buying an additional 24,561 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 1.3%

Shares of XAR stock opened at $277.91 on Friday. The firm has a market cap of $5.89 billion, a P/E ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 12-month low of $137.09 and a 12-month high of $294.45. The company has a 50 day moving average of $252.71 and a 200-day moving average 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.