Teamwork Financial Advisors LLC Invests $792,000 in SPDR S&P Aerospace & Defense ETF $XAR

Teamwork Financial Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,284 shares of the company’s stock, valued at approximately $792,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Sound View Wealth Advisors Group LLC bought a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $229,000. Armstrong Advisory Group Inc. boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 4.8% during the fourth quarter. Armstrong Advisory Group Inc. now owns 25,020 shares of the company’s stock worth $6,036,000 after purchasing an additional 1,142 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 6.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,948 shares of the company’s stock worth $3,446,000 after purchasing an additional 777 shares in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 1.6% in the 4th quarter. Cyndeo Wealth Partners LLC now owns 5,177 shares of the company’s stock valued at $1,249,000 after buying an additional 83 shares during the period. Finally, Crescent Sterling Ltd. grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 3.9% in the 4th quarter. Crescent Sterling Ltd. now owns 1,289 shares of the company’s stock valued at $311,000 after buying an additional 48 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Down 3.4%

XAR opened at $258.88 on Monday. The stock has a market cap of $5.50 billion, a P/E ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $295.39. The company has a fifty day simple moving average of $277.77 and a 200 day simple moving average of $251.14.

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.