Piedmont Capital Management LLC Takes $26.30 Million Position in SPDR S&P Aerospace & Defense ETF $XAR

Piedmont Capital Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 92,691 shares of the company’s stock, valued at approximately $26,305,000. SPDR S&P Aerospace & Defense ETF accounts for approximately 13.4% of Piedmont Capital Management LLC’s portfolio, making the stock its biggest holding. Piedmont Capital Management LLC owned 0.41% of SPDR S&P Aerospace & Defense ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Advocacy Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the second quarter valued at $458,273,000. LPL Financial LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the fourth quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock valued at $310,449,000 after purchasing an additional 68,722 shares during the period. Bank of America Corp DE increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.6% during the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after purchasing an additional 45,281 shares in the last quarter. Corient Private Wealth LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 2,023.8% during the fourth quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after purchasing an additional 489,444 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of SPDR S&P Aerospace & Defense ETF by 19.0% during the 4th quarter. Wells Fargo & Company MN now owns 363,676 shares of the company’s stock worth $87,733,000 after purchasing an additional 58,163 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 2.0%

XAR opened at $256.52 on Tuesday. The company has a market cap of $5.80 billion, a PE ratio of 35.83 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a twelve month low of $211.80 and a twelve month high of $297.79. The company has a 50-day moving average price of $274.86 and a 200 day moving average price of $272.45.

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.