Prostatis Group LLC Acquires New Position in SPDR S&P Aerospace & Defense ETF $XAR

Prostatis Group LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,056 shares of the company’s stock, valued at approximately $4,863,000. SPDR S&P Aerospace & Defense ETF accounts for about 1.4% of Prostatis Group LLC’s investment portfolio, making the stock its 18th largest holding. Prostatis Group LLC owned about 0.13% of SPDR S&P Aerospace & Defense ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.6% during the 1st quarter. Blair William & Co. IL now owns 1,635 shares of the company’s stock valued at $263,000 after acquiring an additional 57 shares during the period. Rise Advisors LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 19.0% during the 2nd quarter. Rise Advisors LLC now owns 364 shares of the company’s stock valued at $77,000 after acquiring an additional 58 shares during the period. Crews Bank & Trust lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.4% during the 1st quarter. Crews Bank & Trust now owns 2,002 shares of the company’s stock valued at $322,000 after acquiring an additional 65 shares during the period. NewEdge Advisors LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 0.8% during the 1st quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock valued at $1,327,000 after acquiring an additional 67 shares during the period. Finally, Reyes Financial Architecture Inc. lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 34.2% during the 2nd quarter. Reyes Financial Architecture Inc. now owns 267 shares of the company’s stock valued at $56,000 after acquiring an additional 68 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Down 2.7%

XAR stock opened at $238.93 on Friday. The firm has a 50 day moving average of $223.60 and a 200-day moving average of $200.82. SPDR S&P Aerospace & Defense ETF has a 12-month low of $137.09 and a 12-month high of $250.87. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09.

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.