Prostatis Group LLC Invests $4.86 Million in SPDR S&P Aerospace & Defense ETF $XAR

Prostatis Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 23,056 shares of the company’s stock, valued at approximately $4,863,000. SPDR S&P Aerospace & Defense ETF accounts for approximately 1.4% of Prostatis Group LLC’s portfolio, making the stock its 18th largest holding.

Other hedge funds have also modified their holdings of the company. TD Capital Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $29,000. Reyes Financial Architecture Inc. purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $32,000. Brentview Investment Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $32,000. Zions Bancorporation National Association UT purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $32,000. Finally, Golden State Wealth Management LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 252 shares of the company’s stock valued at $40,000 after buying an additional 126 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Down 2.7%

Shares of NYSEARCA XAR opened at $238.93 on Friday. SPDR S&P Aerospace & Defense ETF has a 52-week low of $137.09 and a 52-week high of $250.87. The firm has a fifty day moving average of $223.60 and a 200-day moving average of $200.82. The stock has a market capitalization of $4.53 billion, a PE ratio of 35.83 and a beta of 1.09.

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.