Teamwork Financial Advisors LLC increased its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) by 13.0% during the 2nd quarter, Holdings Channel reports. The firm owned 84,616 shares of the company’s stock after buying an additional 9,714 shares during the period. SPDR S&P Aerospace & Defense ETF makes up approximately 2.2% of Teamwork Financial Advisors LLC’s investment portfolio, making the stock its 9th biggest position. Teamwork Financial Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $24,013,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $28,000. Glenmede Trust Co. NA purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the first quarter valued at approximately $30,000. Strive Financial Group LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $30,000. Darwin Wealth Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the second quarter valued at approximately $43,000. Finally, Key Financial Inc purchased a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $50,000.
SPDR S&P Aerospace & Defense ETF Stock Up 1.4%
Shares of XAR stock opened at $286.83 on Friday. The firm has a market capitalization of $6.49 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01. The stock has a fifty day moving average of $274.86 and a 200 day moving average of $272.39. SPDR S&P Aerospace & Defense ETF has a 52 week low of $208.77 and a 52 week high of $295.39.
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.
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