Gateway Wealth Partners LLC Raises Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Gateway Wealth Partners LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 10.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,847 shares of the company’s stock after purchasing an additional 179 shares during the period. Gateway Wealth Partners LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $291,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the second quarter worth about $126,000. Optimum Investment Advisors raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 14.9% in the 2nd quarter. Optimum Investment Advisors now owns 1,156 shares of the company’s stock valued at $162,000 after acquiring an additional 150 shares during the period. Rappaport Reiches Capital Management LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 3.7% in the 3rd quarter. Rappaport Reiches Capital Management LLC now owns 5,141 shares of the company’s stock worth $809,000 after acquiring an additional 182 shares during the last quarter. Spinnaker Investment Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $382,000. Finally, CWM LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 28.9% in the 2nd quarter. CWM LLC now owns 1,684 shares of the company’s stock worth $236,000 after acquiring an additional 378 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $159.04 on Wednesday. The firm’s 50 day moving average price is $156.03 and its 200-day moving average price is $147.14. SPDR S&P Aerospace & Defense ETF has a one year low of $112.20 and a one year high of $164.88. The firm has a market cap of $2.39 billion, a P/E 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.