Maloon Powers Pitre Higgins & Dennehy LLC Makes New Investment in SPDR S&P Aerospace & Defense ETF $XAR

Maloon Powers Pitre Higgins & Dennehy LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,536 shares of the company’s stock, valued at approximately $10,085,000. SPDR S&P Aerospace & Defense ETF accounts for approximately 3.5% of Maloon Powers Pitre Higgins & Dennehy LLC’s portfolio, making the stock its 6th largest position. Maloon Powers Pitre Higgins & Dennehy LLC owned approximately 0.16% of SPDR S&P Aerospace & Defense ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in XAR. Timbuktu Capital Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth approximately $28,000. ZEGA Investments LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 32.6% in the 2nd quarter. ZEGA Investments LLC now owns 7,239 shares of the company’s stock valued at $2,054,000 after purchasing an additional 1,780 shares during the period. NWF Advisory Services Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 2.9% in the 2nd quarter. NWF Advisory Services Inc. now owns 1,761 shares of the company’s stock valued at $500,000 after purchasing an additional 50 shares during the period. TD Waterhouse Canada Inc. grew its holdings in SPDR S&P Aerospace & Defense ETF by 4.9% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,725 shares of the company’s stock valued at $492,000 after buying an additional 80 shares in the last quarter. Finally, Kickstand Ventures LLC. acquired a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $318,000.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock opened at $252.92 on Friday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $211.80 and a fifty-two week high of $297.79. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01. The business’s fifty day moving average price is $273.15 and its two-hundred day moving average price is $271.97.

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.