Bank of America Corp DE Acquires 42,021 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Bank of America Corp DE raised its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 810,919 shares of the company’s stock after purchasing an additional 42,021 shares during the period. Bank of America Corp DE owned 0.05% of SPDR S&P Aerospace & Defense ETF worth $134,467,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. HBW Advisory Services LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 156.5% in the 4th quarter. HBW Advisory Services LLC now owns 1,321 shares of the company’s stock worth $219,000 after purchasing an additional 806 shares during the period. Trust Co. of Toledo NA OH boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.5% in the fourth quarter. Trust Co. of Toledo NA OH now owns 1,909 shares of the company’s stock valued at $317,000 after acquiring an additional 64 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in SPDR S&P Aerospace & Defense ETF by 3.5% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,409 shares of the company’s stock valued at $400,000 after acquiring an additional 82 shares in the last quarter. Merit Financial Group LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $871,000. Finally, Ameritas Advisory Services LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 13.0% in the 4th quarter. Ameritas Advisory Services LLC now owns 9,584 shares of the company’s stock worth $1,589,000 after purchasing an additional 1,099 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:XAR opened at $177.30 on Friday. The firm has a fifty day moving average price of $163.94 and a two-hundred day moving average price of $166.89. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 29.48 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a one year low of $137.09 and a one year 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.