Norris Financial Group LLC Invests $4.16 Million in SPDR S&P Aerospace & Defense ETF $XAR

Norris Financial Group LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the first quarter, Holdings Channel.com reports. The fund bought 16,373 shares of the company’s stock, valued at approximately $4,158,000. SPDR S&P Aerospace & Defense ETF comprises 1.4% of Norris Financial Group LLC’s portfolio, making the stock its 23rd biggest holding.

Other large investors have also recently bought and sold shares of the company. CWM LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 2,668.1% in the 4th quarter. CWM LLC now owns 206,667 shares of the company’s stock valued at $49,856,000 after acquiring an additional 199,201 shares during the last quarter. Robinhood Asset Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $35,579,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in SPDR S&P Aerospace & Defense ETF by 1,737.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,400 shares of the company’s stock valued at $7,092,000 after buying an additional 27,800 shares during the last quarter. PNC Financial Services Group Inc. increased its position in SPDR S&P Aerospace & Defense ETF by 2.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 128,716 shares of the company’s stock worth $31,051,000 after buying an additional 3,558 shares in the last quarter. Finally, Ascent Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $462,000.

SPDR S&P Aerospace & Defense ETF Stock Up 1.8%

Shares of NYSEARCA:XAR opened at $262.83 on Friday. The company has a market capitalization of $5.89 billion, a P/E ratio of 35.83 and a beta of 1.00. The stock’s fifty day simple moving average is $274.92 and its 200-day simple moving average is $272.60. SPDR S&P Aerospace & Defense ETF has a 52-week low of $208.77 and a 52-week 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.