IFP Advisors Inc Increases Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

IFP Advisors Inc raised its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 102.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,831 shares of the company’s stock after purchasing an additional 3,461 shares during the period. IFP Advisors Inc’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XAR. Wilmington Savings Fund Society FSB purchased a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $50,000. Values First Advisors Inc. purchased a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $65,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at $70,000. Stonebridge Financial Group LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $77,000. Finally, Newbridge Financial Services Group Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 33.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 509 shares of the company’s stock valued at $84,000 after purchasing an additional 129 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Up 1.1 %

NYSEARCA:XAR opened at $163.50 on Thursday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $131.78 and a 52 week high of $181.39. The company has a market capitalization of $2.69 billion, a P/E ratio of 27.49 and a beta of 1.13. The stock’s fifty day moving average is $170.29 and its two-hundred day moving average is $163.65.

SPDR S&P Aerospace & Defense ETF Company 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.