Focus Financial Network Inc. Acquires 5,535 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Focus Financial Network Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 214.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,112 shares of the company’s stock after acquiring an additional 5,535 shares during the period. Focus Financial Network Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. HB Wealth Management LLC bought a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter worth $330,000. Truist Financial Corp grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.8% in the 2nd quarter. Truist Financial Corp now owns 25,230 shares of the company’s stock worth $5,322,000 after buying an additional 678 shares in the last quarter. Armstrong Advisory Group Inc. increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 4,096.5% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 23,878 shares of the company’s stock worth $5,610,000 after buying an additional 23,309 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 17.3% in the 1st quarter. HighTower Advisors LLC now owns 16,800 shares of the company’s stock worth $2,700,000 after buying an additional 2,475 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 211.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,297 shares of the company’s stock valued at $6,539,000 after buying an additional 21,248 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 3.5%

XAR opened at $241.28 on Friday. The stock has a 50-day moving average of $235.40 and a 200 day moving average of $223.11. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $254.09. The firm has a market cap of $4.71 billion, a P/E ratio of 35.83 and a beta of 1.13.

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.