Brookstone Capital Management Invests $206,000 in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Brookstone Capital Management purchased a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,519 shares of the company’s stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 13.5% in the 3rd quarter. LPL Financial LLC now owns 843,623 shares of the company’s stock worth $94,570,000 after purchasing an additional 100,289 shares during the period. Morgan Stanley lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 6.9% in the 3rd quarter. Morgan Stanley now owns 604,862 shares of the company’s stock worth $67,805,000 after purchasing an additional 39,231 shares during the period. Bank of America Corp DE lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 0.9% in the 1st quarter. Bank of America Corp DE now owns 564,948 shares of the company’s stock worth $66,048,000 after purchasing an additional 5,273 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 39.9% during the 1st quarter. BNP Paribas Arbitrage SA now owns 351,282 shares of the company’s stock valued at $43,798,000 after acquiring an additional 100,225 shares during the period. Finally, UBS Group AG lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 60.8% during the 1st quarter. UBS Group AG now owns 226,415 shares of the company’s stock valued at $28,230,000 after acquiring an additional 85,641 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Up 1.2 %

SPDR S&P Aerospace & Defense ETF stock opened at $140.26 on Thursday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $108.32 and a 12-month high of $142.78. The firm’s fifty day moving average is $134.93 and its 200 day moving average is $127.10. The company has a market capitalization of $1.79 billion, a PE ratio of 21.50 and a beta of 1.09.

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.