NCM Capital Management LLC Boosts Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

NCM Capital Management LLC boosted its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 1,119.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,245 shares of the company’s stock after purchasing an additional 10,323 shares during the quarter. SPDR S&P Aerospace & Defense ETF makes up approximately 1.0% of NCM Capital Management LLC’s investment portfolio, making the stock its 19th largest holding. NCM Capital Management LLC owned about 0.05% of SPDR S&P Aerospace & Defense ETF worth $2,713,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the 4th quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock worth $310,449,000 after buying an additional 68,722 shares during the last quarter. Bank of America Corp DE boosted its stake in SPDR S&P Aerospace & Defense ETF by 5.8% in the third quarter. Bank of America Corp DE now owns 810,236 shares of the company’s stock valued at $190,373,000 after acquiring an additional 44,082 shares in the last quarter. Corient Private Wealth LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 2,023.8% in the fourth quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock valued at $123,908,000 after acquiring an additional 489,444 shares in the last quarter. Wells Fargo & Company MN grew its holdings in SPDR S&P Aerospace & Defense ETF by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 363,676 shares of the company’s stock worth $87,733,000 after purchasing an additional 58,163 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in SPDR S&P Aerospace & Defense ETF by 28.7% in the third quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock worth $58,768,000 after purchasing an additional 55,705 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $284.29 on Friday. SPDR S&P Aerospace & Defense ETF has a 12-month low of $196.00 and a 12-month high of $295.39. The business’s fifty day simple moving average is $271.22 and its 200-day simple moving average is $266.50. The company has a market cap of $6.50 billion, a PE ratio of 35.83 and a beta of 0.99.

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.