Cumberland Advisors Inc. Lowers Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Cumberland Advisors Inc. lessened its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 4.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 144,379 shares of the company’s stock after selling 6,485 shares during the period. SPDR S&P Aerospace & Defense ETF makes up about 9.6% of Cumberland Advisors Inc.’s investment portfolio, making the stock its 3rd largest position. Cumberland Advisors Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $23,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD bought a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth approximately $37,000. Darwin Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth $70,000. National Bank of Canada FI boosted its stake in SPDR S&P Aerospace & Defense ETF by 9.5% during the second quarter. National Bank of Canada FI now owns 818 shares of the company’s stock worth $114,000 after buying an additional 71 shares during the period. Anchor Investment Management LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 4,300.0% during the second quarter. Anchor Investment Management LLC now owns 880 shares of the company’s stock worth $123,000 after buying an additional 860 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the second quarter worth $126,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA XAR traded up $0.80 on Wednesday, hitting $168.12. 130,640 shares of the stock were exchanged, compared to its average volume of 145,848. The stock has a fifty day moving average price of $167.58 and a two-hundred day moving average price of $156.83. The firm has a market capitalization of $2.53 billion, a P/E ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 52-week low of $126.56 and a 52-week high of $177.27.

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.