Gerber Kawasaki Wealth & Investment Management Raises Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Gerber Kawasaki Wealth & Investment Management raised its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 0.4% during the 1st quarter, Holdings Channel reports. The fund owned 108,162 shares of the company’s stock after purchasing an additional 409 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $17,380,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. OMERS ADMINISTRATION Corp purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $1,229,000. PKS Advisory Services LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 7.2% during the 1st quarter. PKS Advisory Services LLC now owns 1,378 shares of the company’s stock worth $221,000 after acquiring an additional 93 shares in the last quarter. Freedom Investment Management Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $911,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 44.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 32,573 shares of the company’s stock worth $5,234,000 after acquiring an additional 10,101 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.1% during the 1st quarter. Kestra Advisory Services LLC now owns 18,188 shares of the company’s stock worth $2,923,000 after acquiring an additional 886 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR opened at $219.58 on Thursday. The stock’s fifty day moving average is $213.51 and its 200 day moving average is $186.74. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $137.09 and a fifty-two week high of $224.17. The firm has a market capitalization of $3.96 billion, a PE ratio of 35.83 and a beta of 1.09.

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.