Wealthfront Advisers LLC boosted its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 45.1% in the second quarter, Holdings Channel.com reports. The firm owned 22,931 shares of the company’s stock after acquiring an additional 7,122 shares during the quarter. Wealthfront Advisers LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $4,837,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in the business. TD Capital Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $29,000. Reyes Financial Architecture Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $32,000. Brentview Investment Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the first quarter worth $32,000. Zions Bancorporation National Association UT purchased a new position in SPDR S&P Aerospace & Defense ETF in the first quarter worth $32,000. Finally, Centricity Wealth Management LLC raised its position in SPDR S&P Aerospace & Defense ETF by 100.0% in the second quarter. Centricity Wealth Management LLC now owns 230 shares of the company’s stock worth $49,000 after acquiring an additional 115 shares in the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Performance
Shares of NYSEARCA XAR opened at $250.43 on Wednesday. SPDR S&P Aerospace & Defense ETF has a one year low of $137.09 and a one year high of $254.09. The company’s fifty day moving average is $230.23 and its two-hundred day moving average is $208.41. The firm has a market capitalization of $4.80 billion, a P/E ratio of 35.83 and a beta of 1.13.
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.
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