Horizon Wealth Management LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 207.5% during the first quarter, Holdings Channel.com reports. The firm owned 65,645 shares of the company’s stock after buying an additional 44,296 shares during the period. SPDR S&P Aerospace & Defense ETF makes up 2.4% of Horizon Wealth Management LLC’s holdings, making the stock its 17th biggest holding. Horizon Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $16,672,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Strive Financial Group LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $30,000. Milestone Investment Advisors LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth $32,000. Darwin Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth $43,000. Key Financial Inc purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter worth $50,000. Finally, Assetmark Inc. boosted its position in SPDR S&P Aerospace & Defense ETF by 121.8% during the fourth quarter. Assetmark Inc. now owns 244 shares of the company’s stock valued at $59,000 after purchasing an additional 134 shares in the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Performance
NYSEARCA:XAR opened at $285.11 on Thursday. The company’s 50-day simple moving average is $271.82 and its 200-day simple moving average is $269.35. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $204.19 and a fifty-two week high of $295.39. The stock has a market capitalization of $6.50 billion, a P/E ratio of 35.83 and a beta of 1.00.
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.
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