Stonebridge Financial Group LLC Takes $77,000 Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Stonebridge Financial Group LLC bought a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 466 shares of the company’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of XAR. Wilmington Savings Fund Society FSB purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $50,000. Darwin Wealth Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $70,000. Newbridge Financial Services Group Inc. grew its stake in SPDR S&P Aerospace & Defense ETF by 33.9% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 509 shares of the company’s stock worth $84,000 after buying an additional 129 shares during the last quarter. Total Clarity Wealth Management Inc. purchased a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $204,000. Finally, Cable Hill Partners LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $216,000.

SPDR S&P Aerospace & Defense ETF Trading Down 1.4 %

Shares of XAR opened at $171.49 on Thursday. The company’s 50 day simple moving average is $170.84 and its 200-day simple moving average is $162.14. The firm has a market cap of $2.58 billion, a PE ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 12-month low of $130.76 and a 12-month high of $181.38.

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.