Focus Financial Network Inc. Purchases 5,535 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Focus Financial Network Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 214.8% in the third quarter, Holdings Channel.com reports. The firm owned 8,112 shares of the company’s stock after purchasing an additional 5,535 shares during the quarter. Focus Financial Network Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XAR. Dynamic Advisor Solutions LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 4.4% in the third quarter. Dynamic Advisor Solutions LLC now owns 1,054 shares of the company’s stock worth $248,000 after purchasing an additional 44 shares during the last quarter. Objective Capital Management LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2.8% in the second quarter. Objective Capital Management LLC now owns 1,837 shares of the company’s stock worth $387,000 after buying an additional 50 shares during the period. Great Valley Advisor Group Inc. lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 0.8% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 6,193 shares of the company’s stock worth $1,306,000 after acquiring an additional 52 shares during the last quarter. Rise Advisors LLC boosted its holdings in SPDR S&P Aerospace & Defense ETF by 19.0% during the 2nd quarter. Rise Advisors LLC now owns 364 shares of the company’s stock valued at $77,000 after acquiring an additional 58 shares during the period. Finally, D.A. Davidson & CO. boosted its holdings in SPDR S&P Aerospace & Defense ETF by 0.4% during the 2nd quarter. D.A. Davidson & CO. now owns 15,111 shares of the company’s stock valued at $3,188,000 after acquiring an additional 63 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Up 3.5%

XAR stock opened at $241.28 on Friday. SPDR S&P Aerospace & Defense ETF has a twelve month low of $137.09 and a twelve month high of $254.09. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. The business’s fifty day simple moving average is $235.40 and its two-hundred day simple moving average is $223.11.

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.