Rockport Wealth LLC Purchases New Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Rockport Wealth LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,534 shares of the company’s stock, valued at approximately $215,000.

A number of other large investors also recently modified their holdings of XAR. Scarborough Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $67,233,000. Wulff Hansen & CO. bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth about $41,479,000. Greenlight Capital Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $17,560,000. Global Assets Advisory LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at approximately $15,635,000. Finally, Strategic Financial Concepts LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 2,746.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 85,674 shares of the company’s stock worth $120,000 after buying an additional 82,664 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR opened at $156.79 on Friday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $108.32 and a fifty-two week high of $157.12. The company’s 50 day moving average price is $150.25 and its two-hundred day moving average price is $143.53. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

About SPDR S&P Aerospace & Defense ETF

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.