Norris Financial Group LLC Invests $4.16 Million in SPDR S&P Aerospace & Defense ETF $XAR

Norris Financial Group LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,373 shares of the company’s stock, valued at approximately $4,158,000. SPDR S&P Aerospace & Defense ETF comprises about 1.4% of Norris Financial Group LLC’s portfolio, making the stock its 23rd largest position. Norris Financial Group LLC owned 0.07% of SPDR S&P Aerospace & Defense ETF as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.0% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,322 shares of the company’s stock worth $590,000 after buying an additional 45 shares during the last quarter. Pacific Sun Financial Corp grew its stake in SPDR S&P Aerospace & Defense ETF by 0.3% in the 1st quarter. Pacific Sun Financial Corp now owns 17,910 shares of the company’s stock valued at $4,549,000 after buying an additional 45 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV raised its holdings in SPDR S&P Aerospace & Defense ETF by 2.2% in the 4th quarter. Acorn Financial Advisory Services Inc. ADV now owns 2,169 shares of the company’s stock worth $523,000 after acquiring an additional 47 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 12.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 423 shares of the company’s stock worth $102,000 after acquiring an additional 47 shares during the period. Finally, Meridian Wealth Management LLC lifted its position in SPDR S&P Aerospace & Defense ETF by 1.5% during the 4th quarter. Meridian Wealth Management LLC now owns 3,319 shares of the company’s stock worth $801,000 after acquiring an additional 49 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock opened at $262.83 on Friday. The stock has a market capitalization of $5.89 billion, a price-to-earnings ratio of 35.83 and a beta of 1.00. The company has a 50-day moving average of $274.92 and a two-hundred day moving average of $272.60. 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.