Gerber Kawasaki Wealth & Investment Management Acquires 3,520 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 11.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,197 shares of the company’s stock after acquiring an additional 3,520 shares during the period. Gerber Kawasaki Wealth & Investment Management owned approximately 0.27% of SPDR S&P Aerospace & Defense ETF worth $3,998,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. J Arnold Wealth Management Co purchased a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $26,000. AllSquare Wealth Management LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 67.6% in the first quarter. AllSquare Wealth Management LLC now owns 228 shares of the company’s stock worth $27,000 after buying an additional 92 shares during the last quarter. GPS Wealth Strategies Group LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the first quarter worth about $37,000. Accel Wealth Management raised its holdings in SPDR S&P Aerospace & Defense ETF by 40.3% in the first quarter. Accel Wealth Management now owns 348 shares of the company’s stock worth $41,000 after buying an additional 100 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $52,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of SPDR S&P Aerospace & Defense ETF stock opened at $116.71 on Wednesday. The stock has a market capitalization of $1.49 billion, a PE ratio of 21.50 and a beta of 1.09. SPDR S&P Aerospace & Defense ETF has a 52-week low of $91.37 and a 52-week high of $125.42. The company has a 50-day simple moving average of $121.30 and a two-hundred day simple moving average of $118.03.

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.