Kestra Advisory Services LLC Boosts Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

Kestra Advisory Services LLC boosted its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 32.4% in the first quarter, HoldingsChannel.com reports. The firm owned 30,227 shares of the company’s stock after acquiring an additional 7,394 shares during the period. Kestra Advisory Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $7,677,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the 4th quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock worth $310,449,000 after buying an additional 68,722 shares during the last quarter. Bank of America Corp DE lifted its position in SPDR S&P Aerospace & Defense ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 810,236 shares of the company’s stock valued at $190,373,000 after acquiring an additional 44,082 shares during the last quarter. Corient Private Wealth LLC lifted its position in 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 valued at $123,908,000 after acquiring an additional 489,444 shares during the last quarter. Wells Fargo & Company MN boosted its stake in SPDR S&P Aerospace & Defense ETF by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 363,676 shares of the company’s stock valued at $87,733,000 after acquiring an additional 58,163 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 28.7% in the third quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after acquiring an additional 55,705 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 2.7%

NYSEARCA XAR opened at $264.17 on Tuesday. The firm’s fifty day simple moving average is $274.95 and its two-hundred day simple moving average is $271.60. SPDR S&P Aerospace & Defense ETF has a 12-month low of $208.77 and a 12-month high of $295.39. The firm has a market capitalization of $6.00 billion, a P/E ratio of 35.83 and a beta of 1.00.

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.