Avid Wealth Partners LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,295 shares of the company’s stock, valued at approximately $1,036,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 5.6% during the 4th quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock worth $310,449,000 after acquiring an additional 68,722 shares during the last quarter. Bank of America Corp DE grew its holdings in SPDR S&P Aerospace & Defense ETF by 5.8% during the 3rd quarter. Bank of America Corp DE now owns 810,236 shares of the company’s stock worth $190,373,000 after acquiring an additional 44,082 shares during the last quarter. Wells Fargo & Company MN grew its holdings in SPDR S&P Aerospace & Defense ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 363,676 shares of the company’s stock worth $87,733,000 after acquiring an additional 58,163 shares during the last quarter. Raymond James Financial Inc. grew its holdings in SPDR S&P Aerospace & Defense ETF by 28.7% during the 3rd quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock worth $58,768,000 after acquiring an additional 55,705 shares during the last quarter. Finally, CWM LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 2,668.1% during the 4th quarter. CWM LLC now owns 206,667 shares of the company’s stock worth $49,856,000 after acquiring an additional 199,201 shares during the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Down 1.6%
Shares of NYSEARCA:XAR opened at $279.97 on Friday. SPDR S&P Aerospace & Defense ETF has a 12 month low of $195.70 and a 12 month high of $295.39. The firm has a market cap of $6.41 billion, a P/E ratio of 35.83 and a beta of 0.99. The company’s 50-day moving average price is $269.13 and its two-hundred day moving average price is $264.55.
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.
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