Confluence Investment Management LLC Acquires New Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Confluence Investment Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the third quarter, Holdings Channel.com reports. The fund acquired 63,282 shares of the company’s stock, valued at approximately $14,634,000.

A number of other institutional investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. grew its holdings in SPDR S&P Aerospace & Defense ETF by 6.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 2,449 shares of the company’s stock valued at $695,000 after purchasing an additional 154 shares in the last quarter. Tidal Investments LLC lifted its holdings in SPDR S&P Aerospace & Defense ETF by 1,033.3% in the 2nd quarter. Tidal Investments LLC now owns 10,517 shares of the company’s stock worth $2,985,000 after buying an additional 9,589 shares in the last quarter. Capital Analysts LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 45.2% in the 2nd quarter. Capital Analysts LLC now owns 4,613 shares of the company’s stock valued at $1,309,000 after buying an additional 1,436 shares during the last quarter. Insight Wealth Partners LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 27.9% in the 2nd quarter. Insight Wealth Partners LLC now owns 1,305 shares of the company’s stock valued at $370,000 after buying an additional 285 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 3.2% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,397 shares of the company’s stock valued at $680,000 after acquiring an additional 75 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR traded up $0.69 during midday trading on Thursday, reaching $231.94. 84,849 shares of the company’s stock were exchanged, compared to its average volume of 265,438. SPDR S&P Aerospace & Defense ETF has a 52-week low of $215.02 and a 52-week high of $297.79. The stock has a market capitalization of $5.55 billion, a PE ratio of 35.83 and a beta of 1.01. The business’s fifty day moving average price is $261.97 and its two-hundred day moving average price is $267.05.

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.