Stifel Financial Corp Increases Stock Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Stifel Financial Corp increased its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,287 shares of the company’s stock after purchasing an additional 10,323 shares during the period. Stifel Financial Corp owned approximately 0.33% of SPDR S&P Aerospace & Defense ETF worth $8,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XAR. LPL Financial LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 15.3% during the 4th quarter. LPL Financial LLC now owns 1,190,664 shares of the company’s stock valued at $197,436,000 after purchasing an additional 157,742 shares during the last quarter. Wells Fargo & Company MN grew its position in SPDR S&P Aerospace & Defense ETF by 60.2% during the fourth quarter. Wells Fargo & Company MN now owns 238,949 shares of the company’s stock valued at $39,623,000 after buying an additional 89,751 shares during the period. Howard Capital Management Group LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 3.8% during the fourth quarter. Howard Capital Management Group LLC now owns 186,333 shares of the company’s stock valued at $30,898,000 after buying an additional 6,861 shares during the last quarter. PNC Financial Services Group Inc. raised its position in SPDR S&P Aerospace & Defense ETF by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 148,575 shares of the company’s stock worth $24,637,000 after acquiring an additional 6,121 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in SPDR S&P Aerospace & Defense ETF by 4.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 134,037 shares of the company’s stock worth $22,226,000 after acquiring an additional 5,917 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR stock opened at $169.71 on Monday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $135.71 and a 1 year high of $181.39. The firm has a fifty day moving average price of $161.77 and a 200-day moving average price of $166.06. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 29.48 and a beta of 1.01.

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.