J2 Capital Management Inc Takes $237,000 Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

J2 Capital Management Inc purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,431 shares of the company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at $70,000. Anchor Investment Management LLC grew its position in SPDR S&P Aerospace & Defense ETF by 4,300.0% during the second quarter. Anchor Investment Management LLC now owns 880 shares of the company’s stock valued at $123,000 after buying an additional 860 shares during the period. EP Wealth Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter worth about $126,000. Evoke Wealth LLC bought a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter worth about $203,000. Finally, Rockport Wealth LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at about $215,000.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR opened at $172.65 on Friday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $127.71 and a 1 year high of $177.27. The stock’s fifty day moving average price is $169.13 and its two-hundred day moving average price is $158.32. The firm has a market cap of $2.59 billion, a PE ratio of 30.33 and a beta of 0.85.

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.