Bryn Mawr Capital Management LLC Cuts Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,098 shares of the company’s stock after selling 68 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Howard Capital Management Group LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 21.1% in the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after acquiring an additional 31,277 shares during the last quarter. Raymond James & Associates lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 1.4% during the 3rd quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock valued at $12,559,000 after buying an additional 1,102 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 17.1% during the 3rd quarter. Private Advisor Group LLC now owns 19,244 shares of the company’s stock worth $3,028,000 after acquiring an additional 2,814 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth about $1,854,000. Finally, Gateway Wealth Partners LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 10.7% during the third quarter. Gateway Wealth Partners LLC now owns 1,847 shares of the company’s stock worth $291,000 after purchasing an additional 179 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Down 2.9 %

XAR opened at $162.69 on Friday. The firm has a 50-day moving average price of $170.74 and a 200-day moving average price of $162.98. SPDR S&P Aerospace & Defense ETF has a twelve month low of $131.78 and a twelve month high of $181.38. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

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.