SPDR S&P Aerospace & Defense ETF $XAR Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC grew its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 17.2% in the third quarter, Holdings Channel reports. The institutional investor owned 14,970 shares of the company’s stock after acquiring an additional 2,194 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $3,462,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Gables Capital Management Inc. lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 235.7% during the 3rd quarter. Gables Capital Management Inc. now owns 893 shares of the company’s stock valued at $207,000 after buying 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 3rd 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 purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth $405,000. Allspring Global Investments Holdings LLC raised its position in SPDR S&P Aerospace & Defense ETF by 366,308.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 43,969 shares of the company’s stock worth $10,183,000 after acquiring an additional 43,957 shares during the period. Finally, StoneX Group Inc. acquired a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth $555,000.

SPDR S&P Aerospace & Defense ETF Stock Up 1.5%

XAR opened at $240.07 on Thursday. The company has a market cap of $5.38 billion, a price-to-earnings ratio of 35.83 and a beta of 1.07. SPDR S&P Aerospace & Defense ETF has a 52-week low of $210.14 and a 52-week high of $297.79. The firm’s fifty day simple moving average is $233.38 and its two-hundred day simple moving average is $262.63.

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.