Flagstar Advisors Inc. Grows Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Flagstar Advisors Inc. raised its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 1.4% during the third quarter, HoldingsChannel.com reports. The firm owned 5,667 shares of the company’s stock after buying an additional 77 shares during the period. Flagstar Advisors Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $892,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at $126,000. Optimum Investment Advisors increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 14.9% in the second quarter. Optimum Investment Advisors now owns 1,156 shares of the company’s stock valued at $162,000 after purchasing an additional 150 shares during the period. Rappaport Reiches Capital Management LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 3.7% in the third quarter. Rappaport Reiches Capital Management LLC now owns 5,141 shares of the company’s stock worth $809,000 after purchasing an additional 182 shares during the last quarter. CWM LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 28.9% in the second quarter. CWM LLC now owns 1,684 shares of the company’s stock worth $236,000 after purchasing an additional 378 shares during the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 75.9% during the first quarter. Cetera Advisors LLC now owns 25,444 shares of the company’s stock worth $3,575,000 after purchasing an additional 10,979 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $172.56 on Friday. The company’s fifty day moving average price is $160.45 and its 200-day moving average price is $150.61. SPDR S&P Aerospace & Defense ETF has a 1-year low of $125.31 and a 1-year high of $175.28. The firm has a market capitalization of $2.59 billion, a P/E 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.