SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Position Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 148,575 shares of the company’s stock after purchasing an additional 6,121 shares during the period. PNC Financial Services Group Inc. owned 0.99% of SPDR S&P Aerospace & Defense ETF worth $24,637,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of XAR. Raymond James Financial Inc. acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $22,118,000. Strategic Financial Concepts LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at approximately $19,962,000. Howard Capital Management Group LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 21.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock worth $28,238,000 after buying an additional 31,277 shares during the last quarter. Bank of Montreal Can increased its position in SPDR S&P Aerospace & Defense ETF by 1,273.8% in the third quarter. Bank of Montreal Can now owns 29,179 shares of the company’s stock worth $4,575,000 after buying an additional 27,055 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 51.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock valued at $12,632,000 after buying an additional 25,812 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Down 2.0 %

Shares of NYSEARCA:XAR opened at $157.71 on Tuesday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $131.78 and a fifty-two week high of $181.39. The company has a market cap of $2.60 billion, a PE ratio of 27.49 and a beta of 1.13. The company’s 50-day moving average price is $169.44 and its 200 day moving average price is $164.41.

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.