Maridea Wealth Management LLC Acquires Shares of 4,136 SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Maridea Wealth Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,136 shares of the company’s stock, valued at approximately $686,000.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth $50,000. EverSource Wealth Advisors LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 1,685.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 357 shares of the company’s stock worth $59,000 after buying an additional 337 shares during the last quarter. Values First Advisors Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $65,000. SRS Capital Advisors Inc. bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $66,000. Finally, Stonebridge Financial Group LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $77,000.

SPDR S&P Aerospace & Defense ETF Stock Down 2.0 %

Shares of XAR stock opened at $161.89 on Friday. The business has a 50 day moving average of $168.24 and a two-hundred day moving average of $165.35. The company has a market cap of $2.61 billion, a P/E ratio of 28.68 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 52 week low of $131.78 and a 52 week high of $181.39.

SPDR S&P Aerospace & Defense ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a dividend of $0.1897 per share. This is an increase from SPDR S&P Aerospace & Defense ETF’s previous dividend of $0.16. The ex-dividend date was Monday, March 24th.

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.