Park Avenue Securities LLC Buys New Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Park Avenue Securities LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the third quarter, Holdings Channel.com reports. The firm purchased 10,787 shares of the company’s stock, valued at approximately $2,495,000.

Other large investors have also recently made changes to their positions in the company. Timbuktu Capital Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth approximately $28,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $28,000. Glenmede Trust Co. NA bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $30,000. Investors Research Corp raised its position in SPDR S&P Aerospace & Defense ETF by 105.0% in the 2nd quarter. Investors Research Corp now owns 164 shares of the company’s stock worth $47,000 after purchasing an additional 84 shares during the period. Finally, Mather Group LLC. purchased a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth $39,000.

SPDR S&P Aerospace & Defense ETF Stock Down 3.4%

Shares of NYSEARCA:XAR opened at $227.37 on Friday. The stock has a market cap of $5.09 billion, a PE ratio of 35.83 and a beta of 1.03. The company’s fifty day moving average is $238.66 and its 200 day moving average is $264.86. SPDR S&P Aerospace & Defense ETF has a 52 week low of $210.14 and a 52 week high of $297.79.

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.