Northwestern Mutual Wealth Management Co. Purchases 9,371 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Northwestern Mutual Wealth Management Co. grew its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 23.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,482 shares of the company’s stock after purchasing an additional 9,371 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.23% of SPDR S&P Aerospace & Defense ETF worth $11,937,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in XAR. Assetmark Inc. raised its holdings in SPDR S&P Aerospace & Defense ETF by 71.9% in the 3rd quarter. Assetmark Inc. now owns 110 shares of the company’s stock worth $26,000 after purchasing an additional 46 shares in the last quarter. Rothschild Investment LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 138.0% in the 3rd quarter. Rothschild Investment LLC now owns 119 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Smartleaf Asset Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth $32,000. Milestone Investment Advisors LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth $32,000. Finally, Darwin Wealth Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth $43,000.

SPDR S&P Aerospace & Defense ETF Trading Down 2.8%

Shares of NYSEARCA XAR opened at $280.00 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 12 month low of $189.88 and a 12 month high of $295.39. The firm has a market capitalization of $6.41 billion, a PE ratio of 35.83 and a beta of 0.98. The firm has a fifty day simple moving average of $265.78 and a two-hundred day simple moving average of $261.62.

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.