Waverly Advisors LLC Raises Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Waverly Advisors LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 24.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,132 shares of the company’s stock after buying an additional 5,982 shares during the period. Waverly Advisors LLC owned approximately 0.13% of SPDR S&P Aerospace & Defense ETF worth $8,551,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of XAR. Timbuktu Capital Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter worth about $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the first quarter worth $28,000. Glenmede Trust Co. NA acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 1st quarter worth about $30,000. Strive Financial Group LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth approximately $30,000. Finally, Investors Research Corp grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 105.0% during the 2nd quarter. Investors Research Corp now owns 164 shares of the company’s stock valued at $47,000 after buying an additional 84 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA XAR opened at $246.70 on Thursday. SPDR S&P Aerospace & Defense ETF has a 1-year low of $215.02 and a 1-year high of $297.79. The business’s 50-day simple moving average is $271.29 and its 200-day simple moving average is $271.39. The firm has a market capitalization of $5.58 billion, a P/E ratio of 35.83 and a beta of 1.01.

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.