ShoreHaven Wealth Partners LLC Takes Position in SPDR S&P Aerospace & Defense ETF $XAR

ShoreHaven Wealth Partners LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 3,433 shares of the company’s stock, valued at approximately $828,000.

A number of other hedge funds also recently made changes to their positions in XAR. CWM LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% during the fourth quarter. CWM LLC now owns 206,667 shares of the company’s stock valued at $49,856,000 after buying an additional 199,201 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the third quarter valued at approximately $46,032,000. Robinhood Asset Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $35,579,000. BNP Paribas Financial Markets raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 174.4% during the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock valued at $28,790,000 after buying an additional 77,870 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 28.7% during the third quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after buying an additional 55,705 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 2.1%

XAR opened at $273.46 on Thursday. The business’s 50 day moving average is $266.40 and its 200-day moving average is $262.26. The stock has a market cap of $6.26 billion, a PE ratio of 35.83 and a beta of 0.98. SPDR S&P Aerospace & Defense ETF has a twelve month low of $193.69 and a twelve month high of $295.39.

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.