Nvest Financial LLC Acquires Shares of 8,251 SPDR S&P Aerospace & Defense ETF $XAR

Nvest Financial LLC bought a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,251 shares of the company’s stock, valued at approximately $2,096,000.

Other institutional investors also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth $28,000. Strive Financial Group LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at $30,000. Milestone Investment Advisors LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the third quarter valued at $32,000. Darwin Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at about $43,000. Finally, Key Financial Inc purchased a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at about $50,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR stock opened at $287.56 on Monday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $205.71 and a fifty-two week high of $295.39. The stock’s 50-day moving average is $272.70 and its two-hundred day moving average is $270.08. The firm has a market cap of $6.55 billion, a P/E ratio of 35.83 and a beta of 1.00.

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.