Rinkey Investments bought a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 71,130 shares of the company’s stock, valued at approximately $20,186,000. SPDR S&P Aerospace & Defense ETF makes up approximately 4.5% of Rinkey Investments’ holdings, making the stock its 7th largest holding. Rinkey Investments owned approximately 0.31% of SPDR S&P Aerospace & Defense ETF as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of 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 acquiring an additional 67 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 1st 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 1st 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 last quarter. EverSource Wealth Advisors LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 30.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $114,000 after purchasing an additional 127 shares in the last quarter. Finally, Walleye Capital LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth approximately $589,000.
SPDR S&P Aerospace & Defense ETF Trading Down 2.0%
NYSEARCA:XAR opened at $256.52 on Tuesday. The company has a market cap of $5.80 billion, a PE ratio of 35.83 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a twelve month low of $211.80 and a twelve month high of $297.79. The company’s 50 day moving average is $274.86 and its two-hundred day moving average is $272.45.
About SPDR S&P Aerospace & Defense ETF
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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