Northwestern Mutual Wealth Management Co. Has $4.03 Million Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Northwestern Mutual Wealth Management Co. cut its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 58.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,690 shares of the company’s stock after selling 23,421 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $4,026,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of XAR. NewEdge Advisors LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.8% in the 1st quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock worth $1,327,000 after buying an additional 67 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $1,582,000. Jane Street Group LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 10.0% in the 1st quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock worth $2,953,000 after buying an additional 1,667 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 30.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $114,000 after buying an additional 127 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth approximately $589,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR opened at $271.18 on Monday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $183.00 and a 1 year high of $295.39. The stock has a 50 day simple moving average of $264.45 and a 200-day simple moving average of $259.77. The stock has a market cap of $6.20 billion, a PE ratio of 35.83 and a beta of 0.98.

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.