Perigon Wealth Management LLC Sells 1,269 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Perigon Wealth Management LLC reduced its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,831 shares of the company’s stock after selling 1,269 shares during the period. Perigon Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $3,062,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 12.5% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 1,992 shares of the company’s stock worth $330,000 after purchasing an additional 221 shares during the period. Cyndeo Wealth Partners LLC raised its holdings in 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 worth $873,000 after buying an additional 322 shares during the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 12.0% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 5,760 shares of the company’s stock valued at $955,000 after buying an additional 619 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 10.0% during the fourth quarter. Cornerstone Wealth Management LLC now owns 2,377 shares of the company’s stock valued at $394,000 after buying an additional 217 shares during the last quarter. Finally, Spinnaker Investment Group LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 48.7% during the fourth quarter. Spinnaker Investment Group LLC now owns 4,922 shares of the company’s stock worth $816,000 after acquiring an additional 1,613 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $174.18 on Wednesday. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $127.75 and a fifty-two week high of $181.38. The firm’s 50-day simple moving average is $170.33 and its 200 day simple moving average is $159.97.

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.