CFS Investment Advisory Services LLC Invests $682,000 in SPDR S&P Aerospace & Defense ETF $XAR

CFS Investment Advisory Services LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,468 shares of the company’s stock, valued at approximately $682,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 2.0% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,322 shares of the company’s stock worth $590,000 after acquiring an additional 45 shares during the period. Acorn Financial Advisory Services Inc. ADV grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2.2% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock valued at $523,000 after buying an additional 47 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 12.5% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 423 shares of the company’s stock worth $102,000 after acquiring an additional 47 shares in the last quarter. Crescent Sterling Ltd. grew its holdings in shares of 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 purchasing an additional 48 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 1.5% in the fourth quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock valued at $801,000 after buying an additional 49 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $273.89 on Friday. The company has a 50-day simple moving average of $274.42 and a 200-day simple moving average of $271.35. SPDR S&P Aerospace & Defense ETF has a one year low of $207.36 and a one year high of $295.39. The stock has a market capitalization of $6.24 billion, a price-to-earnings 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.