Moors & Cabot Inc. Makes New $1.21 Million Investment in SPDR S&P Aerospace & Defense ETF $XAR

Moors & Cabot Inc. bought a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,727 shares of the company’s stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Affinity Wealth Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth approximately $33,947,000. Envestnet Asset Management Inc. raised 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 worth $36,258,000 after buying an additional 160,704 shares during the period. Marks Wealth LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $23,715,000. Stonebridge Financial Group LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 18,876.7% during the 2nd quarter. Stonebridge Financial Group LLC now owns 68,316 shares of the company’s stock valued at $14,411,000 after acquiring an additional 67,956 shares during the period. Finally, SMI Advisory Services LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth approximately $9,868,000.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR opened at $232.97 on Friday. The firm has a market cap of $4.55 billion, a P/E ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 1-year low of $137.09 and a 1-year high of $254.09. The company has a 50 day simple moving average of $234.03 and a two-hundred day simple moving average of $212.03.

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.