Powell Investment Advisors LLC Has $391,000 Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Powell Investment Advisors LLC boosted its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 34.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,360 shares of the company’s stock after buying an additional 610 shares during the quarter. Powell Investment Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of XAR. Sanctuary Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $405,000. CWM LLC grew its position in SPDR S&P Aerospace & Defense ETF by 31.4% in the 3rd quarter. CWM LLC now owns 2,213 shares of the company’s stock worth $348,000 after purchasing an additional 529 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 6.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,808 shares of the company’s stock worth $599,000 after purchasing an additional 237 shares during the last quarter. VitalStone Financial LLC grew its position in SPDR S&P Aerospace & Defense ETF by 21.6% in the 3rd quarter. VitalStone Financial LLC now owns 1,658 shares of the company’s stock worth $261,000 after purchasing an additional 295 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its position in SPDR S&P Aerospace & Defense ETF by 16.9% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 17,131 shares of the company’s stock worth $2,695,000 after purchasing an additional 2,478 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $173.15 on Monday. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The company’s fifty day moving average is $170.75 and its two-hundred day moving average is $161.65. SPDR S&P Aerospace & Defense ETF has a 52-week low of $130.76 and a 52-week high of $181.38.

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.