Darwin Wealth Management LLC Takes Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Darwin Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 3rd quarter, HoldingsChannel reports. The firm purchased 446 shares of the company’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. National Bank of Canada FI grew its position in shares of SPDR S&P Aerospace & Defense ETF by 9.5% in the second quarter. National Bank of Canada FI now owns 818 shares of the company’s stock valued at $114,000 after purchasing an additional 71 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2.1% in the second quarter. Jaffetilchin Investment Partners LLC now owns 3,512 shares of the company’s stock valued at $492,000 after purchasing an additional 72 shares during the last quarter. Meixler Investment Management Ltd. grew its position in shares of SPDR S&P Aerospace & Defense ETF by 1.3% in the third quarter. Meixler Investment Management Ltd. now owns 6,961 shares of the company’s stock valued at $1,095,000 after purchasing an additional 87 shares during the last quarter. Founders Financial Alliance LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.0% in the second quarter. Founders Financial Alliance LLC now owns 2,244 shares of the company’s stock valued at $314,000 after buying an additional 106 shares during the period. Finally, Worth Asset Management LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.1% in the second quarter. Worth Asset Management LLC now owns 5,246 shares of the company’s stock valued at $734,000 after buying an additional 110 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA XAR opened at $167.78 on Thursday. The firm has a 50-day simple moving average of $159.35 and a 200 day simple moving average of $150.13. SPDR S&P Aerospace & Defense ETF has a twelve month low of $124.88 and a twelve month high of $175.28. The stock has a market cap of $2.52 billion, a PE ratio of 30.33 and a beta of 0.85.

About SPDR S&P Aerospace & Defense ETF

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.