PKS Advisory Services LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 254.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,878 shares of the company’s stock after buying an additional 3,500 shares during the quarter. PKS Advisory Services LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,029,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. HB Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at $330,000. Truist Financial Corp lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2.8% in the 2nd quarter. Truist Financial Corp now owns 25,230 shares of the company’s stock valued at $5,322,000 after purchasing an additional 678 shares during the last quarter. AE Wealth Management LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 15.9% in the 1st quarter. AE Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $177,000 after purchasing an additional 151 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 66.7% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,000 shares of the company’s stock valued at $211,000 after purchasing an additional 400 shares during the period. Finally, HighTower Advisors LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 17.3% during the 1st quarter. HighTower Advisors LLC now owns 16,800 shares of the company’s stock worth $2,700,000 after buying an additional 2,475 shares during the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Up 0.3%
XAR opened at $224.19 on Thursday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $137.09 and a 52 week high of $254.09. The business’s 50 day moving average is $236.40 and its two-hundred day moving average is $216.21. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13.
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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