Meridian Wealth Management LLC Has $501,000 Holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Meridian Wealth Management LLC grew its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,020 shares of the company’s stock after purchasing an additional 100 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Focus Financial Network Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 2.6% in the 4th quarter. Focus Financial Network Inc. now owns 2,434 shares of the company’s stock worth $404,000 after purchasing an additional 62 shares during the last quarter. Trust Co. of Toledo NA OH grew its position in SPDR S&P Aerospace & Defense ETF by 3.5% in the 4th quarter. Trust Co. of Toledo NA OH now owns 1,909 shares of the company’s stock worth $317,000 after purchasing an additional 64 shares during the last quarter. Verity Asset Management Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 3.9% in the 4th quarter. Verity Asset Management Inc. now owns 1,726 shares of the company’s stock worth $286,000 after purchasing an additional 64 shares during the last quarter. Flagstar Advisors Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 1.4% in the 3rd quarter. Flagstar Advisors Inc. now owns 5,667 shares of the company’s stock worth $892,000 after purchasing an additional 77 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 3.5% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,409 shares of the company’s stock worth $400,000 after purchasing an additional 82 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $164.60 on Thursday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 27.49 and a beta of 1.13. The company’s fifty day moving average is $169.98 and its two-hundred day moving average is $164.16. SPDR S&P Aerospace & Defense ETF has a 52-week low of $131.78 and a 52-week high of $181.39.

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.