Riverbridge Partners LLC Makes New $766,000 Investment in SPDR S&P Aerospace & Defense ETF $XAR

Riverbridge Partners LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,311 shares of the company’s stock, valued at approximately $766,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advocacy Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at about $458,273,000. Bank of America Corp DE grew its position in shares of SPDR S&P Aerospace & Defense ETF by 5.6% during the 1st quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock worth $215,558,000 after buying an additional 45,281 shares during the period. Royal Bank of Canada grew its position in shares of SPDR S&P Aerospace & Defense ETF by 19.2% during the 1st quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after buying an additional 27,883 shares during the period. Howard Capital Management Group LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 185,014 shares of the company’s stock worth $42,784,000 after buying an additional 606 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth about $38,177,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR stock opened at $240.07 on Thursday. The stock has a market cap of $5.38 billion, a PE ratio of 35.83 and a beta of 1.07. The stock has a 50-day moving average of $233.38 and a 200-day moving average of $262.63. SPDR S&P Aerospace & Defense ETF has a one year low of $210.14 and a one year high of $297.79.

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.