Envestnet Asset Management Inc. Raises Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Envestnet Asset Management Inc. raised its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 8.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 335,968 shares of the company’s stock after purchasing an additional 25,649 shares during the quarter. Envestnet Asset Management Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $47,029,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $49,000. GPS Wealth Strategies Group LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 43.9% during the second quarter. GPS Wealth Strategies Group LLC now owns 459 shares of the company’s stock valued at $64,000 after acquiring an additional 140 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth about $77,000. Pineridge Advisors LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $79,000. Finally, National Bank of Canada FI grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 9.5% in the second quarter. National Bank of Canada FI now owns 818 shares of the company’s stock worth $114,000 after purchasing an additional 71 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR opened at $153.62 on Friday. SPDR S&P Aerospace & Defense ETF has a one year low of $108.32 and a one year high of $156.43. The business has a 50 day simple moving average of $149.30 and a two-hundred day simple moving average of $143.00. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

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.