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

Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 23.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,482 shares of the company’s stock after acquiring an additional 9,371 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $11,937,000 at the end of the most recent quarter.

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

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

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 stock has a market cap of $6.41 billion, a price-to-earnings ratio of 35.83 and a beta of 0.98. The company’s 50 day moving average is $265.78 and its two-hundred day moving average is $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.