NewEdge Advisors LLC Raises Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

NewEdge Advisors LLC increased its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 1,234.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,942 shares of the company’s stock after buying an additional 12,897 shares during the period. NewEdge Advisors LLC owned about 0.09% of SPDR S&P Aerospace & Defense ETF worth $1,952,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Fairfield Financial Advisors LTD acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth approximately $37,000. Mather Group LLC. purchased a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at about $49,000. GPS Wealth Strategies Group LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 43.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 459 shares of the company’s stock worth $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 $77,000. Finally, Pineridge Advisors LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $79,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA XAR opened at $159.36 on Friday. The company has a market capitalization of $2.39 billion, a P/E ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 1 year low of $108.32 and a 1 year high of $160.13. The company has a 50 day simple moving average of $151.63 and a 200-day simple moving average of $144.37.

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.