Per Stirling Capital Management LLC. purchased a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,964 shares of the company’s stock, valued at approximately $461,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Meitav Investment House Ltd. grew its holdings in SPDR S&P Aerospace & Defense ETF by 6.3% during the third quarter. Meitav Investment House Ltd. now owns 39,875 shares of the company’s stock worth $9,369,000 after purchasing an additional 2,372 shares during the period. Belpointe Asset Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth approximately $1,487,000. Chatham Capital Group Inc. bought a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $718,000. B. Riley Wealth Advisors Inc. bought a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $1,813,000. Finally, Armstrong Advisory Group Inc. lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 4,096.5% in the third quarter. Armstrong Advisory Group Inc. now owns 23,878 shares of the company’s stock valued at $5,610,000 after buying an additional 23,309 shares during the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Up 0.2%
XAR opened at $279.29 on Friday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $137.09 and a 12-month high of $295.39. The business has a 50 day moving average of $274.60 and a 200-day moving average of $247.08. The stock has a market cap of $5.93 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13.
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.
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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 – Free Report).
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