C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,339 shares of the company’s stock, valued at approximately $554,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $19,962,000. Howard Capital Management Group LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 21.1% during the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after buying an additional 31,277 shares in the last quarter. Bank of Montreal Can raised its holdings in SPDR S&P Aerospace & Defense ETF by 1,273.8% during the third quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock valued at $4,575,000 after buying an additional 27,055 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 51.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock worth $12,632,000 after buying an additional 25,812 shares during the last quarter. Finally, Foundations Investment Advisors LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 416.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 30,850 shares of the company’s stock worth $4,854,000 after acquiring an additional 24,872 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $168.93 on Thursday. The stock’s 50 day simple moving average is $170.71 and its 200 day simple moving average is $162.91. SPDR S&P Aerospace & Defense ETF has a twelve month low of $131.78 and a twelve month high of $181.38. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

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.