Barnes Pettey Financial Advisors LLC Takes $487,000 Position in SPDR S&P Aerospace & Defense ETF $XAR

Barnes Pettey Financial Advisors LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the first quarter, HoldingsChannel.com reports. The firm acquired 1,919 shares of the company’s stock, valued at approximately $487,000.

Several other institutional investors also recently made changes to their positions in the stock. Pinnacle Wealth Management Advisory Group LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 2.0% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,322 shares of the company’s stock worth $590,000 after acquiring an additional 45 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in SPDR S&P Aerospace & Defense ETF by 2.2% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock valued at $523,000 after buying an additional 47 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 12.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 423 shares of the company’s stock valued at $102,000 after acquiring an additional 47 shares in the last quarter. Crescent Sterling Ltd. boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.9% in the fourth quarter. Crescent Sterling Ltd. now owns 1,289 shares of the company’s stock worth $311,000 after buying an additional 48 shares during the period. Finally, Meridian Wealth Management LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.5% in the fourth quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock valued at $801,000 after buying an additional 49 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $285.11 on Thursday. The business’s 50-day simple moving average is $271.82 and its 200 day simple moving average is $269.35. The company has a market cap of $6.50 billion, a P/E ratio of 35.83 and a beta of 1.00. SPDR S&P Aerospace & Defense ETF has a one year low of $204.19 and a one year high of $295.39.

SPDR S&P Aerospace & Defense ETF Company 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.