Global Retirement Partners LLC Acquires Shares of 4,410 SPDR S&P Aerospace & Defense ETF $XAR

Global Retirement Partners LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 4,410 shares of the company’s stock, valued at approximately $930,000.

Other hedge funds have also added to or reduced their stakes in the company. HB Wealth Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth approximately $330,000. Truist Financial Corp boosted 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 during the last quarter. AE Wealth Management LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 15.9% during the 1st quarter. AE Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $177,000 after purchasing an additional 151 shares during the period. HighTower Advisors LLC grew its position in SPDR S&P Aerospace & Defense ETF by 17.3% during the first quarter. HighTower Advisors LLC now owns 16,800 shares of the company’s stock valued at $2,700,000 after buying an additional 2,475 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew 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 acquiring an additional 21,248 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR opened at $229.30 on Friday. The stock has a 50-day simple moving average of $236.57 and a two-hundred day simple moving average of $217.94. The firm has a market capitalization of $4.48 billion, a PE ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 52-week low of $137.09 and a 52-week high of $254.09.

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.