Strategic Financial Concepts LLC Takes Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Strategic Financial Concepts LLC purchased a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 120,383 shares of the company’s stock, valued at approximately $19,962,000. Strategic Financial Concepts LLC owned approximately 0.80% of SPDR S&P Aerospace & Defense ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XAR. Rappaport Reiches Capital Management LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 3.7% in the third 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 6.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,808 shares of the company’s stock worth $599,000 after purchasing an additional 237 shares in the last quarter. World Investment Advisors LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 4.3% during the 3rd quarter. World Investment Advisors LLC now owns 9,838 shares of the company’s stock valued at $1,548,000 after purchasing an additional 402 shares during the period. Howard Capital Management Group LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 3.8% in the 4th quarter. Howard Capital Management Group LLC now owns 186,333 shares of the company’s stock worth $30,898,000 after acquiring an additional 6,861 shares in the last quarter. Finally, Mutual Advisors LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 16.7% during the 4th quarter. Mutual Advisors LLC now owns 3,654 shares of the company’s stock worth $628,000 after acquiring an additional 524 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $173.15 on Friday. The stock’s 50-day moving average is $170.82 and its two-hundred day moving average is $161.37. The stock has a market cap of $2.60 billion, a PE ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $130.76 and a fifty-two week high of $181.38.

SPDR S&P Aerospace & Defense ETF 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.