Strategic Financial Concepts LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 120,383 shares of the company’s stock, valued at approximately $19,962,000.
Several other institutional investors have also made changes to their positions in XAR. Financial Advocates Investment Management increased its holdings in SPDR S&P Aerospace & Defense ETF by 67.1% in the fourth quarter. Financial Advocates Investment Management now owns 10,221 shares of the company’s stock worth $1,695,000 after buying an additional 4,104 shares during the last quarter. Money Concepts Capital Corp increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 31.1% during the 4th quarter. Money Concepts Capital Corp now owns 3,868 shares of the company’s stock worth $641,000 after purchasing an additional 917 shares during the last quarter. Jericho Financial LLP bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $269,000. WESPAC Advisors SoCal LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 154.8% in the 4th quarter. WESPAC Advisors SoCal LLC now owns 32,584 shares of the company’s stock valued at $5,403,000 after purchasing an additional 19,797 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its holdings in SPDR S&P Aerospace & Defense ETF by 3.9% in the fourth quarter. Verity Asset Management Inc. now owns 1,726 shares of the company’s stock worth $286,000 after purchasing an additional 64 shares in the last quarter.
SPDR S&P Aerospace & Defense ETF Price Performance
SPDR S&P Aerospace & Defense ETF stock opened at $173.15 on Friday. SPDR S&P Aerospace & Defense ETF has a one year low of $130.76 and a one year high of $181.38. The company’s fifty day moving average price is $170.82 and its two-hundred day moving average price is $161.37. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.
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.
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