Summit Financial LLC Buys 1,012 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Summit Financial LLC boosted its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,079 shares of the company’s stock after purchasing an additional 1,012 shares during the quarter. Summit Financial LLC owned about 0.05% of SPDR S&P Aerospace & Defense ETF worth $1,340,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 1,685.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 357 shares of the company’s stock valued at $59,000 after buying an additional 337 shares in the last quarter. Values First Advisors Inc. acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth $65,000. SRS Capital Advisors Inc. bought a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $66,000. Finally, Stonebridge Financial Group LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at about $77,000.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $161.94 on Wednesday. The stock’s 50-day moving average is $167.62 and its 200-day moving average is $165.70. SPDR S&P Aerospace & Defense ETF has a one year low of $131.78 and a one year high of $181.39. The firm has a market cap of $2.61 billion, a P/E ratio of 28.70 and a beta of 1.01.

SPDR S&P Aerospace & Defense ETF Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a dividend of $0.1897 per share. This is an increase from SPDR S&P Aerospace & Defense ETF’s previous dividend of $0.16. The ex-dividend date was Monday, March 24th.

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.