Merit Financial Group LLC Purchases 38,964 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Merit Financial Group LLC boosted its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 1,436.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 41,676 shares of the company’s stock after purchasing an additional 38,964 shares during the period. Merit Financial Group LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $10,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 4.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,054 shares of the company’s stock worth $248,000 after purchasing an additional 44 shares during the last quarter. Assetmark Inc. lifted its stake in SPDR S&P Aerospace & Defense ETF by 71.9% in the third quarter. Assetmark Inc. now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 46 shares during the last quarter. Crescent Sterling Ltd. lifted its stake in SPDR S&P Aerospace & Defense ETF by 3.9% in the fourth quarter. Crescent Sterling Ltd. now owns 1,289 shares of the company’s stock worth $311,000 after purchasing an additional 48 shares during the last quarter. Trust Co. of Toledo NA OH lifted its stake in SPDR S&P Aerospace & Defense ETF by 2.6% in the third quarter. Trust Co. of Toledo NA OH now owns 1,959 shares of the company’s stock worth $460,000 after purchasing an additional 50 shares during the last quarter. Finally, RoundAngle Advisors LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 0.9% in the third quarter. RoundAngle Advisors LLC now owns 5,846 shares of the company’s stock worth $1,374,000 after purchasing an additional 51 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

SPDR S&P Aerospace & Defense ETF stock opened at $276.38 on Friday. The company has a 50 day moving average price of $271.32 and a 200-day moving average price of $256.39. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $156.83 and a fifty-two week high of $295.39. The company has a market capitalization of $6.25 billion, a PE ratio of 35.83 and a beta of 1.03.

SPDR S&P Aerospace & Defense ETF Company 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.