Maridea Wealth Management LLC Buys 3,941 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Maridea Wealth Management LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 95.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,077 shares of the company’s stock after purchasing an additional 3,941 shares during the period. Maridea Wealth Management LLC owned about 0.05% of SPDR S&P Aerospace & Defense ETF worth $1,298,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. purchased a new position in SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $456,000. LPL Financial LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 1.0% in the first quarter. LPL Financial LLC now owns 1,202,709 shares of the company’s stock valued at $193,263,000 after purchasing an additional 12,045 shares during the last quarter. Cetera Investment Advisers lifted its stake in SPDR S&P Aerospace & Defense ETF by 47.0% in the first quarter. Cetera Investment Advisers now owns 123,963 shares of the company’s stock valued at $19,919,000 after purchasing an additional 39,618 shares during the last quarter. Journey Strategic Wealth LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 40.3% in the first quarter. Journey Strategic Wealth LLC now owns 2,368 shares of the company’s stock valued at $381,000 after purchasing an additional 680 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 15.9% in the first quarter. AE Wealth Management LLC now owns 1,100 shares of the company’s stock valued at $177,000 after purchasing an additional 151 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 0.4%

SPDR S&P Aerospace & Defense ETF stock opened at $220.48 on Monday. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $224.17. The business’s 50 day simple moving average is $202.81 and its 200 day simple moving average is $180.07. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09.

SPDR S&P Aerospace & Defense ETF 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.