Optimum Investment Advisors grew its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 17.5% during the fourth quarter, HoldingsChannel reports. The firm owned 1,346 shares of the company’s stock after buying an additional 200 shares during the period. Optimum Investment Advisors’ holdings in SPDR S&P Aerospace & Defense ETF were worth $223,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 1,685.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 357 shares of the company’s stock worth $59,000 after purchasing an additional 337 shares in the last quarter. Values First Advisors Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $65,000. SRS Capital Advisors Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $66,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $77,000.
SPDR S&P Aerospace & Defense ETF Stock Performance
NYSEARCA:XAR opened at $164.40 on Friday. SPDR S&P Aerospace & Defense ETF has a one year low of $131.78 and a one year high of $181.39. The business’s 50-day simple moving average is $168.57 and its 200 day simple moving average is $164.88. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13.
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.
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