SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Holdings Raised by Powell Investment Advisors LLC

Powell Investment Advisors LLC boosted its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,360 shares of the company’s stock after buying an additional 610 shares during the quarter. Powell Investment Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XAR. Strategic Financial Concepts LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth approximately $19,962,000. Howard Capital Management Group LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 21.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after purchasing an additional 31,277 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 1,273.8% during the 3rd quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock valued at $4,575,000 after purchasing an additional 27,055 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 51.3% during the 4th quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock valued at $12,632,000 after purchasing an additional 25,812 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 416.1% during the 3rd quarter. Foundations Investment Advisors LLC now owns 30,850 shares of the company’s stock valued at $4,854,000 after purchasing an additional 24,872 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 0.1 %

SPDR S&P Aerospace & Defense ETF stock opened at $173.15 on Monday. The company has a market capitalization of $2.60 billion, a P/E ratio of 30.33 and a beta of 0.85. The firm’s fifty day simple moving average is $170.75 and its 200-day simple moving average is $161.65. SPDR S&P Aerospace & Defense ETF has a 1-year low of $130.76 and a 1-year high of $181.38.

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.