SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Shares Acquired by Kovack Advisors Inc.

Kovack Advisors Inc. lifted its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 57.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,837 shares of the company’s stock after purchasing an additional 1,040 shares during the quarter. Kovack Advisors Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth $50,000. Values First Advisors Inc. acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth $65,000. Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the third quarter worth $70,000. Stonebridge Financial Group LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth $77,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 33.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 509 shares of the company’s stock worth $84,000 after buying an additional 129 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Up 1.8 %

NYSEARCA:XAR opened at $166.26 on Friday. SPDR S&P Aerospace & Defense ETF has a 12 month low of $131.78 and a 12 month high of $181.39. The firm has a fifty day simple moving average of $170.30 and a 200-day simple moving average of $163.78. The company has a market capitalization of $2.74 billion, a P/E ratio of 27.49 and a beta of 1.13.

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.