WMG Financial Advisors LLC Acquires Shares of 954 SPDR S&P Aerospace & Defense ETF $XAR

WMG Financial Advisors LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the second quarter, HoldingsChannel.com reports. The firm acquired 954 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 247.5% in the first quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock valued at $36,258,000 after buying an additional 160,704 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 14.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,101 shares of the company’s stock valued at $1,302,000 after purchasing an additional 1,018 shares during the period. Truist Financial Corp grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2.8% during the 2nd quarter. Truist Financial Corp now owns 25,230 shares of the company’s stock worth $5,322,000 after buying an additional 678 shares during the period. AE Wealth Management LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 15.9% during the 1st quarter. AE Wealth Management LLC now owns 1,100 shares of the company’s stock worth $177,000 after buying an additional 151 shares during the period. Finally, Golden State Wealth Management LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 252 shares of the company’s stock worth $40,000 after buying an additional 126 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Down 1.7%

SPDR S&P Aerospace & Defense ETF stock opened at $245.48 on Friday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $137.09 and a 1 year high of $250.87. The firm has a market capitalization of $4.65 billion, a P/E ratio of 35.83 and a beta of 1.09. The business has a 50-day moving average of $223.11 and a 200-day moving average of $200.11.

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.