Independent Advisor Alliance Takes Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Independent Advisor Alliance 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 institutional investor bought 18,984 shares of the company’s stock, valued at approximately $3,148,000.

A number of other institutional investors and hedge funds also recently modified their holdings of XAR. Howard Capital Management Group LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 21.1% in the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after acquiring an additional 31,277 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 20.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,659 shares of the company’s stock valued at $418,000 after acquiring an additional 456 shares during the period. Oppenheimer & Co. Inc. raised its holdings in SPDR S&P Aerospace & Defense ETF by 9.9% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,743 shares of the company’s stock valued at $2,162,000 after acquiring an additional 1,241 shares during the period. Cable Hill Partners LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $216,000. Finally, WESPAC Advisors SoCal LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 19.6% in the 3rd quarter. WESPAC Advisors SoCal LLC now owns 12,787 shares of the company’s stock valued at $2,012,000 after acquiring an additional 2,092 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Up 0.5 %

SPDR S&P Aerospace & Defense ETF stock opened at $159.08 on Thursday. The stock has a market cap of $2.62 billion, a P/E ratio of 27.49 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a twelve month low of $131.78 and a twelve month high of $181.39. The company’s 50-day moving average price is $169.16 and its two-hundred day moving average price is $164.41.

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.