Maridea Wealth Management LLC Has $1.27 Million Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Maridea Wealth Management LLC trimmed its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 29.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,999 shares of the company’s stock after selling 2,080 shares during the period. Maridea Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,270,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of XAR. Pinnacle Wealth Management Advisory Group LLC raised its position in SPDR S&P Aerospace & Defense ETF by 2.0% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,322 shares of the company’s stock valued at $590,000 after purchasing an additional 45 shares during the last quarter. Chatterton & Associates Inc. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $221,000. RFG Advisory LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $401,000. Murphy & Mullick Capital Management Corp raised its holdings in SPDR S&P Aerospace & Defense ETF by 63.9% in the 1st quarter. Murphy & Mullick Capital Management Corp now owns 2,910 shares of the company’s stock valued at $739,000 after buying an additional 1,134 shares during the last quarter. Finally, WealthBridge Capital Management LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 30.9% during the 1st quarter. WealthBridge Capital Management LLC now owns 4,695 shares of the company’s stock worth $1,193,000 after buying an additional 1,108 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR opened at $274.09 on Friday. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $204.19 and a fifty-two week high of $295.39. The firm has a market capitalization of $6.27 billion, a price-to-earnings ratio of 35.83 and a beta of 0.99. The company’s 50 day moving average price is $271.41 and its two-hundred day moving average price is $268.10.

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.