Professional Planning lessened its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 20,685 shares of the company’s stock after selling 798 shares during the quarter. SPDR S&P Aerospace & Defense ETF comprises 2.5% of Professional Planning’s holdings, making the stock its 16th biggest position. Professional Planning’s holdings in SPDR S&P Aerospace & Defense ETF were worth $2,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in XAR. Gradient Investments LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the second quarter valued at approximately $29,000. Tompkins Financial Corp acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth $35,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth $47,000. Marshall Wace LLP acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth $49,000. Finally, Certified Advisory Corp grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 25.7% in the first quarter. Certified Advisory Corp now owns 627 shares of the company’s stock worth $58,000 after acquiring an additional 128 shares during the last quarter.

Shares of SPDR S&P Aerospace & Defense ETF stock traded down $0.43 during midday trading on Tuesday, hitting $105.07. The company had a trading volume of 15 shares, compared to its average volume of 143,380. The company’s 50 day moving average price is $103.62. SPDR S&P Aerospace & Defense ETF has a 1-year low of $73.23 and a 1-year high of $107.37.

Further Reading: What Is An Exchange-Traded Fund (ETF)?

Want to see what other hedge funds are holding XAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR).

Institutional Ownership by Quarter for SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

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