6,259 Shares in SPDR S&P Aerospace & Defense ETF $XAR Purchased by Worth Asset Management LLC

Worth Asset Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,259 shares of the company’s stock, valued at approximately $1,510,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in XAR. Quadrature Capital Ltd bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth approximately $46,032,000. BNP Paribas Financial Markets increased its stake in SPDR S&P Aerospace & Defense ETF by 174.4% in the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock valued at $28,790,000 after acquiring an additional 77,870 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 28.7% during the third quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after purchasing an additional 55,705 shares in the last quarter. Horizon Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the third quarter valued at approximately $12,068,000. Finally, Bank of America Corp DE lifted its stake in SPDR S&P Aerospace & Defense ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 810,236 shares of the company’s stock worth $190,373,000 after purchasing an additional 44,082 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $250.57 on Friday. The stock’s fifty day moving average price is $275.14 and its two-hundred day moving average price is $252.41. The company has a market cap of $5.32 billion, a PE ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $137.09 and a fifty-two week high of $295.39.

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.