PNC Financial Services Group Inc. Raises Stake in SPDR S&P Aerospace & Defense ETF $XAR

PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 128,716 shares of the company’s stock after acquiring an additional 3,558 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $31,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Warner Group LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 543.5% during the 4th quarter. Warner Group LLC now owns 30,208 shares of the company’s stock worth $7,287,000 after acquiring an additional 25,514 shares in the last quarter. HighTower Advisors LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 1.6% during the 4th quarter. HighTower Advisors LLC now owns 21,698 shares of the company’s stock worth $5,234,000 after acquiring an additional 340 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in SPDR S&P Aerospace & Defense ETF by 11.1% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,587 shares of the company’s stock worth $865,000 after acquiring an additional 359 shares in the last quarter. Mission Wealth Management LP lifted its position in SPDR S&P Aerospace & Defense ETF by 16.4% during the 4th quarter. Mission Wealth Management LP now owns 1,320 shares of the company’s stock worth $318,000 after acquiring an additional 186 shares in the last quarter. Finally, Millennium Capital Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $302,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

SPDR S&P Aerospace & Defense ETF stock opened at $271.18 on Friday. The stock’s 50 day moving average price is $264.45 and its 200 day moving average price is $259.68. The firm has a market capitalization of $6.20 billion, a PE ratio of 35.83 and a beta of 0.98. SPDR S&P Aerospace & Defense ETF has a one year low of $183.00 and a one year 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.