Robinhood Asset Management LLC Takes $35.58 Million Position in SPDR S&P Aerospace & Defense ETF $XAR

Robinhood Asset Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the fourth quarter, Holdings Channel.com reports. The fund acquired 147,485 shares of the company’s stock, valued at approximately $35,579,000. SPDR S&P Aerospace & Defense ETF accounts for approximately 2.8% of Robinhood Asset Management LLC’s holdings, making the stock its 7th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XAR. Assetmark Inc. increased its position in SPDR S&P Aerospace & Defense ETF by 71.9% during the 3rd quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 46 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter worth about $28,000. Rothschild Investment LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 138.0% during the third quarter. Rothschild Investment LLC now owns 119 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. Smartleaf Asset Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the third quarter valued at about $32,000. Finally, Milestone Investment Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the third quarter valued at about $32,000.

SPDR S&P Aerospace & Defense ETF Stock Up 1.6%

Shares of SPDR S&P Aerospace & Defense ETF stock opened at $263.64 on Tuesday. The company has a 50 day moving average price of $271.71 and a 200 day moving average price of $254.05. The firm has a market capitalization of $6.00 billion, a P/E ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 52 week low of $137.09 and a 52 week high of $295.39.

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.