M Holdings Securities Inc. Purchases New Stake in SPDR S&P Aerospace & Defense ETF $XAR

M Holdings Securities Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the second quarter, HoldingsChannel reports. The institutional investor purchased 27,387 shares of the company’s stock, valued at approximately $7,772,000. SPDR S&P Aerospace & Defense ETF makes up approximately 1.0% of M Holdings Securities Inc.’s portfolio, making the stock its 18th biggest holding.

Several other institutional investors also recently bought and sold shares of the business. Compass Financial Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $124,000. Clarus Wealth Advisors boosted its position in SPDR S&P Aerospace & Defense ETF by 8.0% during the 2nd quarter. Clarus Wealth Advisors now owns 10,057 shares of the company’s stock worth $2,754,000 after purchasing an additional 745 shares during the period. Spinnaker Investment Group LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 7.0% during the 2nd quarter. Spinnaker Investment Group LLC now owns 11,274 shares of the company’s stock worth $3,199,000 after purchasing an additional 734 shares during the period. Wealthcare Advisory Partners LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 3.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 1,411 shares of the company’s stock valued at $401,000 after purchasing an additional 44 shares in the last quarter. Finally, Kraft Davis & Associates LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 14.3% in the 2nd quarter. Kraft Davis & Associates LLC now owns 6,082 shares of the company’s stock valued at $1,661,000 after purchasing an additional 760 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $261.79 on Monday. The business’s 50-day moving average is $275.29 and its two-hundred day moving average is $272.56. The firm has a market capitalization of $5.92 billion, a PE ratio of 35.83 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a 12 month low of $211.80 and a 12 month high of $297.79.

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.