PNC Financial Services Group Inc. lifted its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,175 shares of the company’s stock after acquiring an additional 11,459 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $35,602,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 0.8% during the first quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock worth $1,327,000 after purchasing an additional 67 shares during the period. Empowered Funds LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $1,582,000. Jane Street Group LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 10.0% in the first quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock valued at $2,953,000 after purchasing an additional 1,667 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 30.8% in the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $114,000 after buying an additional 127 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $589,000.
SPDR S&P Aerospace & Defense ETF Trading Up 2.4%
NYSEARCA XAR opened at $270.54 on Friday. The company has a fifty day simple moving average of $274.54 and a 200 day simple moving average of $272.60. The company has a market cap of $6.07 billion, a P/E ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a 1 year low of $208.77 and a 1 year high of $295.39.
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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