Maloon Powers Pitre Higgins & Dennehy LLC Makes New $10.09 Million Investment in SPDR S&P Aerospace & Defense ETF $XAR

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 2nd quarter, Holdings Channel reports. The firm purchased 35,536 shares of the company’s stock, valued at approximately $10,085,000. SPDR S&P Aerospace & Defense ETF makes up approximately 3.5% of Maloon Powers Pitre Higgins & Dennehy LLC’s investment portfolio, making the stock its 6th biggest holding.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 128,716 shares of the company’s stock valued at $31,051,000 after buying an additional 3,558 shares during the period. Larry Mathis Financial Planning LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $1,261,000. Barnes Pettey Financial Advisors LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $487,000. VVR Holdings LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $4,150,000. Finally, WealthSpring Partners LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $2,796,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $252.92 on Friday. SPDR S&P Aerospace & Defense ETF has a 52-week low of $211.80 and a 52-week high of $297.79. The firm has a 50 day moving average price of $273.15 and a two-hundred day moving average price of $271.97. The stock has a market cap of $5.72 billion, a P/E ratio of 35.83 and a beta of 1.01.

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.