Western Wealth Management LLC Has $2.03 Million Stake in SPDR S&P Aerospace & Defense ETF $XAR

Western Wealth Management LLC raised its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 181.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,988 shares of the company’s stock after buying an additional 5,154 shares during the quarter. Western Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $2,029,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 0.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock worth $1,327,000 after acquiring an additional 67 shares in the last quarter. Empowered Funds LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the first quarter valued at approximately $1,582,000. Jane Street Group LLC raised its position in SPDR S&P Aerospace & Defense ETF by 10.0% during the first quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock valued at $2,953,000 after purchasing an additional 1,667 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 30.8% during the second quarter. EverSource Wealth Advisors LLC now owns 540 shares of the company’s stock worth $114,000 after purchasing an additional 127 shares during the last quarter. Finally, Walleye Capital LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter worth $589,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $292.33 on Wednesday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $208.77 and a fifty-two week high of $295.39. The stock’s fifty day moving average price is $275.28 and its two-hundred day moving average price is $272.32. The company has a market cap of $6.61 billion, a PE ratio of 35.83 and a beta of 1.01.

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.