Scarborough Advisors LLC Raises Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

Scarborough Advisors LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 456.0% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,281 shares of the company’s stock after acquiring an additional 3,511 shares during the period. Scarborough Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XAR. NewEdge Advisors LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 0.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock valued at $1,327,000 after purchasing an additional 67 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at approximately $1,582,000. Jane Street Group LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 10.0% during the first quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock worth $2,953,000 after buying an additional 1,667 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 30.8% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $114,000 after buying an additional 127 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $589,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR stock opened at $258.57 on Monday. The firm has a market cap of $5.84 billion, a P/E ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a 1-year low of $208.77 and a 1-year high of $295.39. The firm has a fifty day moving average of $274.95 and a two-hundred day moving average of $272.01.

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.