Independent Financial Group LLC Invests $816,000 in SPDR S&P Aerospace & Defense ETF $XAR

Independent Financial Group LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,212 shares of the company’s stock, valued at approximately $816,000.

A number of other hedge funds have also recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the first quarter worth about $28,000. Strive Financial Group LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $30,000. Darwin Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $43,000. Key Financial Inc purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at approximately $50,000. Finally, Assetmark Inc. grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 121.8% in the 4th quarter. Assetmark Inc. now owns 244 shares of the company’s stock valued at $59,000 after buying an additional 134 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA XAR opened at $264.91 on Wednesday. The company has a market capitalization of $5.98 billion, a P/E ratio of 35.83 and a beta of 1.00. The company has a 50 day simple moving average of $274.68 and a 200-day simple moving average of $272.29. SPDR S&P Aerospace & Defense ETF has a 1 year low of $208.77 and a 1 year 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.