SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Shares Sold by MML Investors Services LLC

MML Investors Services LLC reduced its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 82.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,286 shares of the company’s stock after selling 65,685 shares during the period. MML Investors Services LLC owned approximately 0.10% of SPDR S&P Aerospace & Defense ETF worth $2,248,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Brookstone Capital Management grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 86.5% during the 2nd quarter. Brookstone Capital Management now owns 2,788 shares of the company’s stock worth $411,000 after purchasing an additional 1,293 shares during the period. Raymond James & Associates grew its position in SPDR S&P Aerospace & Defense ETF by 7.2% during the second quarter. Raymond James & Associates now owns 78,722 shares of the company’s stock valued at $11,019,000 after buying an additional 5,278 shares during the period. Atria Wealth Solutions Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 7.2% in the second quarter. Atria Wealth Solutions Inc. now owns 27,136 shares of the company’s stock valued at $3,799,000 after buying an additional 1,827 shares in the last quarter. Concourse Financial Group Securities Inc. raised its position in shares of SPDR S&P Aerospace & Defense ETF by 2.4% in the second quarter. Concourse Financial Group Securities Inc. now owns 44,043 shares of the company’s stock worth $6,165,000 after acquiring an additional 1,052 shares during the period. Finally, WESPAC Advisors SoCal LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth about $1,497,000.

SPDR S&P Aerospace & Defense ETF Stock Up 1.9 %

NYSEARCA:XAR opened at $171.44 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $126.56 and a 52 week high of $177.27. The stock’s 50-day moving average price is $165.44 and its 200-day moving average price is $153.98. The stock has a market capitalization of $2.58 billion, a PE ratio of 30.33 and a beta of 0.85.

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.