LPL Financial LLC Acquires 157,742 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

LPL Financial LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,190,664 shares of the company’s stock after acquiring an additional 157,742 shares during the quarter. LPL Financial LLC owned about 7.93% of SPDR S&P Aerospace & Defense ETF worth $197,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of XAR. Howard Capital Management Group LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 21.1% during the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after buying an additional 31,277 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 5.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 50,364 shares of the company’s stock valued at $7,924,000 after buying an additional 2,466 shares during the last quarter. Private Trust Co. NA lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 5.4% during the 3rd quarter. Private Trust Co. NA now owns 2,408 shares of the company’s stock valued at $379,000 after buying an additional 123 shares during the last quarter. Bank of Montreal Can raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 1,273.8% during the 3rd quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock valued at $4,575,000 after purchasing an additional 27,055 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at $219,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR opened at $164.40 on Monday. SPDR S&P Aerospace & Defense ETF has a 52-week low of $131.78 and a 52-week high of $181.39. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13. The business’s fifty day moving average is $168.57 and its 200 day moving average is $164.97.

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.