PNC Financial Services Group Inc. raised its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 8.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,175 shares of the company’s stock after purchasing an additional 11,459 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.61% of SPDR S&P Aerospace & Defense ETF worth $35,602,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of XAR. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at about $28,000. Strive Financial Group LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $43,000. Key Financial Inc acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth approximately $50,000. Finally, Gables Capital Management Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 131.7% in the first quarter. Gables Capital Management Inc. now owns 241 shares of the company’s stock worth $61,000 after buying an additional 137 shares during the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Performance
Shares of XAR opened at $270.54 on Friday. The firm has a market cap of $6.07 billion, a PE ratio of 35.83 and a beta of 1.00. The firm’s 50 day moving average price is $274.54 and its 200 day moving average price is $272.60. SPDR S&P Aerospace & Defense ETF has a twelve month low of $208.77 and a twelve month high of $295.39.
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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