Gateway Wealth Partners LLC Lowers Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Gateway Wealth Partners LLC reduced its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 11.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,643 shares of the company’s stock after selling 204 shares during the period. Gateway Wealth Partners LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Mayflower Financial Advisors LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $349,000. Stapp Wealth Management Pllc raised its holdings in SPDR S&P Aerospace & Defense ETF by 3.3% in the fourth quarter. Stapp Wealth Management Pllc now owns 5,948 shares of the company’s stock worth $986,000 after buying an additional 191 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 12.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,992 shares of the company’s stock worth $330,000 after buying an additional 221 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 6.5% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 5,264 shares of the company’s stock valued at $873,000 after buying an additional 322 shares during the last quarter. Finally, Rappaport Reiches Capital Management LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 12.0% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 5,760 shares of the company’s stock valued at $955,000 after acquiring an additional 619 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 0.9 %

Shares of NYSEARCA XAR opened at $172.63 on Thursday. The firm has a market cap of $2.59 billion, a P/E ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a twelve month low of $127.75 and a twelve month high of $181.38. The company has a 50 day moving average of $170.48 and a 200 day moving average of $160.18.

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.