Tidal Investments LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 1,033.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,517 shares of the company’s stock after acquiring an additional 9,589 shares during the quarter. Tidal Investments LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $2,985,000 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. Turtle Creek Wealth Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the first quarter worth $28,000. Timbuktu Capital Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $28,000. Glenmede Trust Co. NA purchased a new position in SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $30,000. Investors Research Corp raised its holdings in SPDR S&P Aerospace & Defense ETF by 105.0% in the 2nd quarter. Investors Research Corp now owns 164 shares of the company’s stock worth $47,000 after purchasing an additional 84 shares in the last quarter. Finally, Key Financial Inc bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth $50,000.
SPDR S&P Aerospace & Defense ETF Trading Down 0.5%
NYSEARCA:XAR opened at $241.53 on Wednesday. The company has a 50-day moving average price of $267.91 and a 200-day moving average price of $270.34. SPDR S&P Aerospace & Defense ETF has a 12 month low of $215.02 and a 12 month high of $297.79. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01.
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.
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