Larry Mathis Financial Planning LLC Takes $1.26 Million Position in SPDR S&P Aerospace & Defense ETF $XAR

Larry Mathis Financial Planning LLC purchased a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,228 shares of the company’s stock, valued at approximately $1,261,000. SPDR S&P Aerospace & Defense ETF accounts for approximately 1.1% of Larry Mathis Financial Planning LLC’s investment portfolio, making the stock its 19th largest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 71.9% during the third quarter. Assetmark Inc. now owns 110 shares of the company’s stock valued at $26,000 after buying an additional 46 shares during the period. Acorn Financial Advisory Services Inc. ADV raised its stake in SPDR S&P Aerospace & Defense ETF by 2.2% in the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock worth $523,000 after buying an additional 47 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in SPDR S&P Aerospace & Defense ETF by 12.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 423 shares of the company’s stock worth $102,000 after buying an additional 47 shares during the period. Crescent Sterling Ltd. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 3.9% during the fourth quarter. Crescent Sterling Ltd. now owns 1,289 shares of the company’s stock worth $311,000 after buying an additional 48 shares during the period. Finally, Meridian Wealth Management LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 1.5% during the 4th quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock valued at $801,000 after acquiring an additional 49 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $284.29 on Friday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $196.00 and a 12-month high of $295.39. The business’s fifty day simple moving average is $271.22 and its 200-day simple moving average is $266.50. The company has a market capitalization of $6.50 billion, a PE ratio of 35.83 and a beta of 0.99.

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.