Potomac Fund Management Inc. ADV Buys New Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Posted by John Perry on Apr 2nd, 2025

Potomac Fund Management Inc. ADV purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,806 shares of the company’s stock, valued at approximately $300,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 1,685.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 357 shares of the company’s stock valued at $59,000 after purchasing an additional 337 shares in the last quarter. Values First Advisors Inc. purchased a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at about $65,000. SRS Capital Advisors Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth about $66,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $77,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

XAR stock opened at $161.94 on Wednesday. The stock has a 50-day simple moving average of $167.62 and a 200-day simple moving average of $165.70. The firm has a market cap of $2.61 billion, a P/E ratio of 28.70 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a 1 year low of $131.78 and a 1 year high of $181.39.

SPDR S&P Aerospace & Defense ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a dividend of $0.1897 per share. The ex-dividend date of this dividend was Monday, March 24th. This is a positive change from SPDR S&P Aerospace & Defense ETF’s previous dividend of $0.16.

About SPDR S&P Aerospace & Defense ETF

(Free Report)

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.