Acorn Financial Advisory Services Inc. ADV Buys 344 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Acorn Financial Advisory Services Inc. ADV lifted its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 22.6% during the second quarter, Holdings Channel reports. The fund owned 1,863 shares of the company’s stock after acquiring an additional 344 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in SPDR S&P Aerospace & Defense ETF were worth $393,000 as of its most recent filing with the SEC.

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

SPDR S&P Aerospace & Defense ETF Stock Up 2.1%

XAR opened at $243.94 on Tuesday. The firm has a market capitalization of $4.64 billion, a P/E ratio of 35.83 and a beta of 1.09. The stock’s 50 day moving average price is $224.14 and its two-hundred day moving average price is $201.64. SPDR S&P Aerospace & Defense ETF has a 12-month low of $137.09 and a 12-month high of $250.87.

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.