Gerber Kawasaki Wealth & Investment Management Increases Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 118,640 shares of the company’s stock after acquiring an additional 3,929 shares during the quarter. SPDR S&P Aerospace & Defense ETF accounts for approximately 1.0% of Gerber Kawasaki Wealth & Investment Management’s investment portfolio, making the stock its 29th biggest holding. Gerber Kawasaki Wealth & Investment Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $28,620,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Enclave Advisors LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.6% during the 4th quarter. Enclave Advisors LLC now owns 129,985 shares of the company’s stock valued at $31,358,000 after acquiring an additional 4,457 shares during the last quarter. CWM LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% during the 4th quarter. CWM LLC now owns 206,667 shares of the company’s stock valued at $49,856,000 after acquiring an additional 199,201 shares during the last quarter. Robinhood Asset Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $35,579,000. Breakthru Advisory Services LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $9,259,000. Finally, Horizon Wealth Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter valued at about $12,068,000.

SPDR S&P Aerospace & Defense ETF Trading Down 1.6%

Shares of XAR opened at $279.97 on Friday. The company has a market cap of $6.41 billion, a PE ratio of 35.83 and a beta of 0.99. The stock has a 50-day moving average price of $269.13 and a 200-day moving average price of $264.55. SPDR S&P Aerospace & Defense ETF has a 12-month low of $195.70 and a 12-month high of $295.39.

SPDR S&P Aerospace & Defense ETF Company 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.