Worth Asset Management LLC Takes $1.51 Million Position in SPDR S&P Aerospace & Defense ETF $XAR

Worth Asset Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,259 shares of the company’s stock, valued at approximately $1,510,000.

Other hedge funds have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its position in 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 buying an additional 67 shares in the last quarter. Empowered Funds LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at about $1,582,000. Jane Street Group LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 10.0% in the first quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock valued at $2,953,000 after acquiring an additional 1,667 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in SPDR S&P Aerospace & Defense ETF by 49.4% during the second quarter. JPMorgan Chase & Co. now owns 64,513 shares of the company’s stock worth $13,608,000 after acquiring an additional 21,319 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in SPDR S&P Aerospace & Defense ETF by 2.7% during the second quarter. Franklin Resources Inc. now owns 2,903 shares of the company’s stock worth $612,000 after acquiring an additional 77 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $250.57 on Friday. The stock has a 50 day moving average price of $275.14 and a 200 day moving average price of $252.41. The stock has a market capitalization of $5.32 billion, a PE 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.

About SPDR S&P Aerospace & Defense ETF

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.