Anchor Investment Management LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 4,300.0% during the second quarter, HoldingsChannel reports. The fund owned 880 shares of the company’s stock after acquiring an additional 860 shares during the quarter. Anchor Investment Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $123,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Fairfield Financial Advisors LTD bought a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $37,000. Mather Group LLC. bought a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $49,000. GPS Wealth Strategies Group LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 43.9% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 459 shares of the company’s stock valued at $64,000 after acquiring an additional 140 shares during the last quarter. ORG Partners LLC bought a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $77,000. Finally, Pineridge Advisors LLC bought a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $79,000.
SPDR S&P Aerospace & Defense ETF Price Performance
NYSEARCA XAR opened at $159.36 on Friday. The company’s fifty day moving average price is $151.63 and its two-hundred day moving average price is $144.37. SPDR S&P Aerospace & Defense ETF has a 12 month low of $108.32 and a 12 month high of $160.13. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.
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.
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