Independent Advisor Alliance Makes New $3.15 Million Investment in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Independent Advisor Alliance purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,984 shares of the company’s stock, valued at approximately $3,148,000. Independent Advisor Alliance owned approximately 0.13% of SPDR S&P Aerospace & Defense ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Focus Financial Network Inc. lifted its position in SPDR S&P Aerospace & Defense ETF by 2.6% during the 4th quarter. Focus Financial Network Inc. now owns 2,434 shares of the company’s stock worth $404,000 after buying an additional 62 shares in the last quarter. Trust Co. of Toledo NA OH lifted its position in SPDR S&P Aerospace & Defense ETF by 3.5% during the 4th quarter. Trust Co. of Toledo NA OH now owns 1,909 shares of the company’s stock worth $317,000 after buying an additional 64 shares in the last quarter. Verity Asset Management Inc. lifted its position in SPDR S&P Aerospace & Defense ETF by 3.9% during the 4th quarter. Verity Asset Management Inc. now owns 1,726 shares of the company’s stock worth $286,000 after buying an additional 64 shares in the last quarter. Flagstar Advisors Inc. lifted its position in SPDR S&P Aerospace & Defense ETF by 1.4% during the 3rd quarter. Flagstar Advisors Inc. now owns 5,667 shares of the company’s stock worth $892,000 after buying an additional 77 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. lifted its position in SPDR S&P Aerospace & Defense ETF by 3.5% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,409 shares of the company’s stock worth $400,000 after buying an additional 82 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:XAR opened at $159.08 on Thursday. The company’s 50-day moving average price is $169.16 and its two-hundred day moving average price is $164.41. The stock has a market capitalization of $2.62 billion, a PE ratio of 27.49 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a one year low of $131.78 and a one year high of $181.39.

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.