White Pine Investment CO Buys New Stake in SPDR S&P Aerospace & Defense ETF $XAR

White Pine Investment CO purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,901 shares of the company’s stock, valued at approximately $1,827,000.

Several other hedge funds also recently modified their holdings of the business. Advocacy Wealth Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $458,273,000. Bank of America Corp DE boosted its holdings in SPDR S&P Aerospace & Defense ETF by 5.6% in the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after purchasing an additional 45,281 shares in the last quarter. Royal Bank of Canada increased its position in SPDR S&P Aerospace & Defense ETF by 19.2% during the first quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after buying an additional 27,883 shares during the last quarter. PNC Financial Services Group Inc. increased its position in SPDR S&P Aerospace & Defense ETF by 8.9% during the first quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock worth $35,602,000 after buying an additional 11,459 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in SPDR S&P Aerospace & Defense ETF by 14.2% during the first quarter. Cetera Investment Advisers now owns 139,644 shares of the company’s stock worth $35,467,000 after buying an additional 17,362 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $224.87 on Friday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $215.02 and a fifty-two week high of $297.79. The stock’s 50-day moving average is $252.25 and its two-hundred day moving average is $264.23. The firm has a market cap of $5.36 billion, a P/E ratio of 35.83 and a beta of 1.03.

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.