Meitav Investment House Ltd. Raises Stake in SPDR S&P Aerospace & Defense ETF $XAR

Meitav Investment House Ltd. increased its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 173.3% during the second quarter, HoldingsChannel.com reports. The firm owned 37,503 shares of the company’s stock after buying an additional 23,779 shares during the period. Meitav Investment House Ltd.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $7,911,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. LPL Financial LLC lifted its holdings in SPDR S&P Aerospace & Defense ETF by 1.0% during the 1st quarter. LPL Financial LLC now owns 1,202,709 shares of the company’s stock worth $193,263,000 after purchasing an additional 12,045 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 247.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 225,642 shares of the company’s stock worth $36,258,000 after purchasing an additional 160,704 shares in the last quarter. Howard Capital Management Group LLC lifted its holdings in SPDR S&P Aerospace & Defense ETF by 0.7% during the 2nd quarter. Howard Capital Management Group LLC now owns 188,672 shares of the company’s stock worth $39,798,000 after purchasing an additional 1,301 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 26.0% during the 1st quarter. Raymond James Financial Inc. now owns 168,110 shares of the company’s stock worth $27,014,000 after purchasing an additional 34,722 shares in the last quarter. Finally, Affinity Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $33,947,000.

SPDR S&P Aerospace & Defense ETF Stock Up 2.6%

NYSEARCA:XAR opened at $247.03 on Tuesday. The business’s 50-day moving average price is $221.35 and its two-hundred day moving average price is $198.91. SPDR S&P Aerospace & Defense ETF has a twelve month low of $137.09 and a twelve month high of $247.17. The stock has a market cap of $4.62 billion, a P/E ratio of 35.83 and a beta of 1.09.

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.