NewEdge Advisors LLC Acquires 2,673 Shares of SPDR S&P Aerospace & Defense ETF $XAR

NewEdge Advisors LLC increased its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,836 shares of the company’s stock after purchasing an additional 2,673 shares during the period. NewEdge Advisors LLC owned 0.08% of SPDR S&P Aerospace & Defense ETF worth $4,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2.0% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,322 shares of the company’s stock worth $590,000 after buying an additional 45 shares in the last quarter. Pacific Sun Financial Corp boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 0.3% during the first quarter. Pacific Sun Financial Corp now owns 17,910 shares of the company’s stock worth $4,549,000 after acquiring an additional 45 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV grew its stake in SPDR S&P Aerospace & Defense ETF by 2.2% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock valued at $523,000 after acquiring an additional 47 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 12.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 423 shares of the company’s stock valued at $102,000 after acquiring an additional 47 shares in the last quarter. Finally, Meridian Wealth Management LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 1.5% during the fourth quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock valued at $801,000 after acquiring an additional 49 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $262.83 on Friday. The company has a market cap of $5.89 billion, a P/E ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a 52-week low of $208.77 and a 52-week high of $295.39. The firm’s fifty day moving average is $274.92 and its two-hundred day moving average is $272.60.

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.