Financial Advocates Investment Management lifted its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 67.1% during the 4th quarter, HoldingsChannel reports. The fund owned 10,221 shares of the company’s stock after purchasing an additional 4,104 shares during the period. Financial Advocates Investment Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,695,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of XAR. Darwin Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the third quarter valued at $70,000. Total Clarity Wealth Management Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter worth about $204,000. Cable Hill Partners LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth about $216,000. Shepherd Financial Partners LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $217,000. Finally, Saxony Capital Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $217,000.
SPDR S&P Aerospace & Defense ETF Price Performance
Shares of NYSEARCA:XAR opened at $173.37 on Friday. The business’s 50 day moving average price is $170.83 and its 200-day moving average price is $161.29. SPDR S&P Aerospace & Defense ETF has a 1 year low of $130.53 and a 1 year high of $181.38. The firm has a market capitalization of $2.60 billion, a PE ratio of 30.33 and a beta of 0.85.
SPDR S&P Aerospace & Defense ETF 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.
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