Madrona Financial Services LLC Makes New Investment in SPDR S&P Aerospace & Defense ETF $XAR

Madrona Financial Services LLC acquired a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the third quarter, Holdings Channel reports. The institutional investor acquired 29,231 shares of the company’s stock, valued at approximately $6,760,000. SPDR S&P Aerospace & Defense ETF makes up approximately 1.0% of Madrona Financial Services LLC’s portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advocacy Wealth Management LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter worth approximately $458,273,000. Bank of America Corp DE lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the 1st quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock valued at $215,558,000 after purchasing an additional 45,281 shares during the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 185,014 shares of the company’s stock worth $42,784,000 after purchasing an additional 606 shares during the period. Royal Bank of Canada boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 19.2% in the 1st quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after purchasing an additional 27,883 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 8.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock valued at $35,602,000 after purchasing an additional 11,459 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 0.2%

SPDR S&P Aerospace & Defense ETF stock opened at $217.79 on Friday. The firm has a market capitalization of $4.89 billion, a PE ratio of 35.83 and a beta of 1.03. SPDR S&P Aerospace & Defense ETF has a 12-month low of $210.14 and a 12-month high of $297.79. The firm has a 50-day moving average price of $243.83 and a 200-day moving average price of $262.75.

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.