Fortis Advisors LLC Has $597,000 Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Fortis Advisors LLC lowered its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,792 shares of the company’s stock after selling 179 shares during the period. Fortis Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $597,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in XAR. National Bank of Canada FI increased its holdings 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 last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 3,512 shares of the company’s stock valued at $492,000 after acquiring an additional 72 shares during the period. Meixler Investment Management Ltd. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.3% during the 3rd quarter. Meixler Investment Management Ltd. now owns 6,961 shares of the company’s stock worth $1,095,000 after purchasing an additional 87 shares during the last quarter. Founders Financial Alliance LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 2,244 shares of the company’s stock valued at $314,000 after purchasing an additional 106 shares during the period. Finally, Worth Asset Management LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 2.1% in the 2nd quarter. Worth Asset Management LLC now owns 5,246 shares of the company’s stock valued at $734,000 after purchasing an additional 110 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

SPDR S&P Aerospace & Defense ETF stock opened at $165.05 on Tuesday. The stock has a 50-day simple moving average of $158.69 and a 200 day simple moving average of $149.75. The stock has a market capitalization of $2.48 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 $124.88 and a 52 week high of $175.28.

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.