Magnus Financial Group LLC Invests $263,000 in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Magnus Financial Group LLC bought a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,636 shares of the company’s stock, valued at approximately $263,000.

A number of other hedge funds also recently bought and sold shares of the business. Money Concepts Capital Corp boosted its position in SPDR S&P Aerospace & Defense ETF by 31.1% during the fourth quarter. Money Concepts Capital Corp now owns 3,868 shares of the company’s stock worth $641,000 after purchasing an additional 917 shares in the last quarter. Financial Advocates Investment Management boosted its position in SPDR S&P Aerospace & Defense ETF by 67.1% during the fourth quarter. Financial Advocates Investment Management now owns 10,221 shares of the company’s stock worth $1,695,000 after purchasing an additional 4,104 shares in the last quarter. Strategic Financial Concepts LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth approximately $19,962,000. Apollon Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth approximately $268,000. Finally, Kingsview Wealth Management LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 51.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock worth $12,632,000 after purchasing an additional 25,812 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 1.9%

Shares of XAR stock opened at $198.33 on Friday. The company has a market capitalization of $3.27 billion, a P/E ratio of 34.73 and a beta of 1.07. The business’s 50 day moving average is $174.41 and its two-hundred day moving average is $170.60. SPDR S&P Aerospace & Defense ETF has a 12-month low of $137.09 and a 12-month high of $198.47.

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.