NewEdge Advisors LLC Purchases 2,673 Shares of SPDR S&P Aerospace & Defense ETF $XAR

NewEdge Advisors LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 16.5% during the 1st quarter, Holdings Channel reports. The fund owned 18,836 shares of the company’s stock after purchasing an additional 2,673 shares during the period. NewEdge Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $4,784,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Corient Private Wealth LLC increased its position in SPDR S&P Aerospace & Defense ETF by 2,023.8% in the fourth quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after purchasing an additional 489,444 shares during the last quarter. CWM LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 2,668.1% during the fourth quarter. CWM LLC now owns 206,667 shares of the company’s stock valued at $49,856,000 after purchasing an additional 199,201 shares during the last quarter. Robinhood Asset Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at $35,579,000. BNP Paribas Financial Markets grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 174.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock worth $28,790,000 after buying an additional 77,870 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the 4th quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock worth $310,449,000 after buying an additional 68,722 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Up 1.8%

SPDR S&P Aerospace & Defense ETF stock opened at $262.83 on Friday. The company’s 50-day moving average price is $274.92 and its 200-day moving average price is $272.60. The company has a market cap of $5.89 billion, a PE ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a twelve month low of $208.77 and a twelve month 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.