Greenline Wealth Management LLC Takes $600,000 Position in SPDR S&P Aerospace & Defense ETF $XAR

Greenline Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,363 shares of the company’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 2.0% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,322 shares of the company’s stock valued at $590,000 after acquiring an additional 45 shares during the last quarter. Pacific Sun Financial Corp lifted its stake in SPDR S&P Aerospace & Defense ETF by 0.3% in the 1st quarter. Pacific Sun Financial Corp now owns 17,910 shares of the company’s stock worth $4,549,000 after purchasing an additional 45 shares in the last quarter. Acorn Financial Advisory Services Inc. ADV lifted its stake in SPDR S&P Aerospace & Defense ETF by 2.2% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock worth $523,000 after purchasing an additional 47 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 12.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 423 shares of the company’s stock worth $102,000 after purchasing an additional 47 shares during the last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 1.5% during the 4th quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock worth $801,000 after purchasing an additional 49 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock opened at $270.54 on Friday. The business has a 50 day simple moving average of $274.54 and a 200-day simple moving average of $272.60. The firm has a market capitalization of $6.07 billion, a PE 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 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.