Piedmont Capital Management LLC Acquires New Stake in SPDR S&P Aerospace & Defense ETF $XAR

Piedmont Capital Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the second quarter, Holdings Channel reports. The fund acquired 92,691 shares of the company’s stock, valued at approximately $26,305,000. SPDR S&P Aerospace & Defense ETF accounts for approximately 13.4% of Piedmont Capital Management LLC’s investment portfolio, making the stock its largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XAR. NewEdge Advisors LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 0.8% in the first quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock valued at $1,327,000 after buying an additional 67 shares during the last quarter. Empowered Funds LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the first quarter worth about $1,582,000. Jane Street Group LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 10.0% during the first quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock worth $2,953,000 after acquiring an additional 1,667 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 30.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock valued at $114,000 after acquiring an additional 127 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $589,000.

SPDR S&P Aerospace & Defense ETF Trading Down 2.0%

XAR stock opened at $256.52 on Tuesday. The company has a market cap of $5.80 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a 12 month low of $211.80 and a 12 month high of $297.79. The firm has a 50-day moving average of $274.86 and a two-hundred day moving average of $272.45.

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.