Stonebridge Financial Group LLC Increases Position in SPDR S&P Aerospace & Defense ETF $XAR

Stonebridge Financial Group LLC raised its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 18,876.7% during the second quarter, HoldingsChannel reports. The firm owned 68,316 shares of the company’s stock after buying an additional 67,956 shares during the quarter. SPDR S&P Aerospace & Defense ETF accounts for 1.4% of Stonebridge Financial Group LLC’s holdings, making the stock its 19th biggest position. Stonebridge Financial Group LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $14,411,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Blair William & Co. IL grew its position in shares of SPDR S&P Aerospace & Defense ETF by 4.8% in the 2nd quarter. Blair William & Co. IL now owns 1,713 shares of the company’s stock valued at $361,000 after buying an additional 78 shares during the last quarter. WESPAC Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $255,000. Kingswood Wealth Advisors LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 5.7% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 1,954 shares of the company’s stock valued at $412,000 after buying an additional 105 shares during the last quarter. Meitav Investment House Ltd. grew its position in shares of SPDR S&P Aerospace & Defense ETF by 173.3% in the 2nd quarter. Meitav Investment House Ltd. now owns 37,503 shares of the company’s stock valued at $7,911,000 after buying an additional 23,779 shares during the last quarter. Finally, MADDEN SECURITIES Corp grew its position in shares of SPDR S&P Aerospace & Defense ETF by 45.4% in the 2nd quarter. MADDEN SECURITIES Corp now owns 9,605 shares of the company’s stock valued at $2,026,000 after buying an additional 3,000 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $245.48 on Friday. The firm’s fifty day moving average price is $223.11 and its 200 day moving average price is $200.11. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $250.87.

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.