Onyx Bridge Wealth Group LLC Makes New $200,000 Investment in SPDR S&P Aerospace & Defense ETF $XAR

Onyx Bridge Wealth Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 949 shares of the company’s stock, valued at approximately $200,000.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 247.5% in the first quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock valued at $36,258,000 after purchasing an additional 160,704 shares during the last quarter. Truist Financial Corp raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2.8% in the second quarter. Truist Financial Corp now owns 25,230 shares of the company’s stock valued at $5,322,000 after purchasing an additional 678 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 14.4% in the first quarter. Janney Montgomery Scott LLC now owns 8,101 shares of the company’s stock valued at $1,302,000 after purchasing an additional 1,018 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 15.9% in the first quarter. AE Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $177,000 after purchasing an additional 151 shares during the last quarter. Finally, HB Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter valued at about $330,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR stock opened at $237.40 on Thursday. The firm has a 50-day moving average of $227.48 and a 200-day moving average of $205.03. The company has a market cap of $4.54 billion, a P/E ratio of 35.83 and a beta of 1.09. SPDR S&P Aerospace & Defense ETF has a one year low of $137.09 and a one year high of $251.24.

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.