Gateway Wealth Partners LLC Buys Shares of 1,668 SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Gateway Wealth Partners LLC bought a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,668 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LPL Financial LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.7% in the 2nd quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock valued at $149,172,000 after purchasing an additional 28,069 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $67,233,000. Envestnet Asset Management Inc. grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock valued at $47,029,000 after purchasing an additional 25,649 shares during the last quarter. Wulff Hansen & CO. purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $41,479,000. Finally, Howard Capital Management Group LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 14.3% in the second quarter. Howard Capital Management Group LLC now owns 148,195 shares of the company’s stock valued at $20,744,000 after buying an additional 18,545 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

SPDR S&P Aerospace & Defense ETF stock opened at $157.34 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 1-year low of $108.32 and a 1-year high of $157.46. The company has a market cap of $2.36 billion, a PE ratio of 30.33 and a beta of 0.85. The stock’s 50 day moving average price is $150.51 and its 200 day moving average price is $143.72.

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.