Principal Securities Inc. Raises Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Principal Securities Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,863 shares of the company’s stock after acquiring an additional 316 shares during the quarter. Principal Securities Inc. owned about 0.07% of SPDR S&P Aerospace & Defense ETF worth $1,636,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $19,962,000. Howard Capital Management Group LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 21.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after purchasing an additional 31,277 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 1,273.8% during the third quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock worth $4,575,000 after buying an additional 27,055 shares during the period. Kingsview Wealth Management LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 51.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock worth $12,632,000 after acquiring an additional 25,812 shares during the period. Finally, Foundations Investment Advisors LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 416.1% in the third quarter. Foundations Investment Advisors LLC now owns 30,850 shares of the company’s stock worth $4,854,000 after purchasing an additional 24,872 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock opened at $170.22 on Wednesday. The firm’s fifty day simple moving average is $170.68 and its 200-day simple moving average is $162.72. The company has a market capitalization of $2.56 billion, a P/E ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 12 month low of $131.78 and a 12 month high of $181.38.

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.