Horizon Wealth Management LLC Buys Shares of 51,364 SPDR S&P Aerospace & Defense ETF $XAR

Horizon Wealth Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 51,364 shares of the company’s stock, valued at approximately $12,068,000. SPDR S&P Aerospace & Defense ETF makes up 1.8% of Horizon Wealth Management LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Assetmark Inc. boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 71.9% during the third quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after acquiring an additional 46 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $28,000. Smartleaf Asset Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $32,000. Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $43,000. Finally, Center for Financial Planning Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the third quarter worth about $45,000.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $270.72 on Friday. The firm has a market cap of $5.75 billion, a PE ratio of 35.83 and a beta of 1.13. The firm has a 50 day simple moving average of $262.10 and a 200-day simple moving average of $240.12. SPDR S&P Aerospace & Defense ETF has a 1-year low of $137.09 and a 1-year high of $294.45.

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.