Strategic Financial Concepts LLC Increases Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Strategic Financial Concepts LLC lifted its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 7.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,010 shares of the company’s stock after buying an additional 210 shares during the quarter. Strategic Financial Concepts LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $423,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of XAR. Picton Mahoney Asset Management grew its holdings in SPDR S&P Aerospace & Defense ETF by 100.1% during the 3rd quarter. Picton Mahoney Asset Management now owns 1,500 shares of the company’s stock valued at $168,000 after buying an additional 1,100,000 shares in the last quarter. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $67,233,000. Greenlight Capital Inc. bought a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $17,560,000. Global Assets Advisory LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the first quarter valued at $15,635,000. Finally, LPL Financial LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 13.5% during the third quarter. LPL Financial LLC now owns 843,623 shares of the company’s stock valued at $94,570,000 after purchasing an additional 100,289 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR traded down $1.30 on Tuesday, reaching $136.03. The company’s stock had a trading volume of 71,464 shares, compared to its average volume of 78,095. The company has a 50-day simple moving average of $136.91 and a 200 day simple moving average of $130.92. SPDR S&P Aerospace & Defense ETF has a 52-week low of $108.32 and a 52-week high of $142.78. The company has a market cap of $2.05 billion, a P/E ratio of 29.37 and a beta of 0.84.

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.