Riverbridge Partners LLC Makes New $766,000 Investment in SPDR S&P Aerospace & Defense ETF $XAR

Riverbridge Partners LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 3rd quarter, Holdings Channel reports. The firm purchased 3,311 shares of the company’s stock, valued at approximately $766,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 17.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 14,970 shares of the company’s stock worth $3,462,000 after buying an additional 2,194 shares during the period. Gables Capital Management Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 235.7% during the third quarter. Gables Capital Management Inc. now owns 893 shares of the company’s stock worth $207,000 after acquiring an additional 627 shares in the last quarter. Cpwa LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 9.0% in the third quarter. Cpwa LLC now owns 3,448 shares of the company’s stock valued at $778,000 after acquiring an additional 286 shares during the period. Simplex Trading LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the third quarter valued at about $405,000. Finally, Allspring Global Investments Holdings LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 366,308.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 43,969 shares of the company’s stock valued at $10,183,000 after acquiring an additional 43,957 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of SPDR S&P Aerospace & Defense ETF stock opened at $240.07 on Thursday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $210.14 and a 1 year high of $297.79. The business has a 50-day moving average of $233.38 and a two-hundred day moving average of $262.63. The company has a market capitalization of $5.38 billion, a P/E ratio of 35.83 and a beta of 1.07.

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.