Bank of America Corp DE Increases Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Bank of America Corp DE lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 810,919 shares of the company’s stock after acquiring an additional 42,021 shares during the quarter. Bank of America Corp DE owned 5.40% of SPDR S&P Aerospace & Defense ETF worth $134,467,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of XAR. Focus Financial Network Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.6% during the 4th quarter. Focus Financial Network Inc. now owns 2,434 shares of the company’s stock worth $404,000 after purchasing an additional 62 shares during the period. Trust Co. of Toledo NA OH increased its holdings in SPDR S&P Aerospace & Defense ETF by 3.5% during the fourth quarter. Trust Co. of Toledo NA OH now owns 1,909 shares of the company’s stock worth $317,000 after buying an additional 64 shares during the last quarter. Verity Asset Management Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 3.9% in the fourth quarter. Verity Asset Management Inc. now owns 1,726 shares of the company’s stock worth $286,000 after acquiring an additional 64 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 3.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,409 shares of the company’s stock valued at $400,000 after acquiring an additional 82 shares during the last quarter. Finally, Barclays PLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 10.3% during the 4th quarter. Barclays PLC now owns 960 shares of the company’s stock valued at $159,000 after acquiring an additional 90 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Down 0.8 %

NYSEARCA:XAR opened at $177.30 on Friday. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $181.39. The firm’s 50 day moving average is $163.94 and its 200 day moving average is $166.89. The stock has a market capitalization of $2.83 billion, a PE ratio of 29.48 and a beta of 1.01.

SPDR S&P Aerospace & Defense ETF 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.