NewEdge Advisors LLC Boosts Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

NewEdge Advisors LLC raised its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 21.8% during the 1st quarter, HoldingsChannel.com reports. The fund owned 19,686 shares of the company’s stock after buying an additional 3,523 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $5,000,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 5.6% during the fourth quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock worth $310,449,000 after purchasing an additional 68,722 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after purchasing an additional 45,281 shares during the last quarter. Corient Private Wealth LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 2,023.8% in the 4th quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after buying an additional 489,444 shares during the period. Wells Fargo & Company MN increased its stake in SPDR S&P Aerospace & Defense ETF by 19.0% in the 4th quarter. Wells Fargo & Company MN now owns 363,676 shares of the company’s stock worth $87,733,000 after buying an additional 58,163 shares during the period. Finally, Raymond James Financial Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 28.7% during the 3rd quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after buying an additional 55,705 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

SPDR S&P Aerospace & Defense ETF stock opened at $292.33 on Wednesday. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a 1 year low of $208.77 and a 1 year high of $295.39. The firm has a 50-day moving average of $275.28 and a two-hundred day moving average of $272.32.

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.