International Assets Investment Management LLC Invests $7.24 Million in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

International Assets Investment Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 53,491 shares of the company’s stock, valued at approximately $7,244,000.

Other hedge funds also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 4.0% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,324 shares of the company’s stock worth $315,000 after buying an additional 90 shares in the last quarter. Barclays PLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 13.0% in the third quarter. Barclays PLC now owns 870 shares of the company’s stock valued at $98,000 after purchasing an additional 100 shares in the last quarter. Blair William & Co. IL increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 9.8% in the third quarter. Blair William & Co. IL now owns 1,502 shares of the company’s stock valued at $168,000 after purchasing an additional 134 shares during the last quarter. Glass Jacobson Investment Advisors llc boosted its stake in SPDR S&P Aerospace & Defense ETF by 142.0% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 242 shares of the company’s stock worth $33,000 after buying an additional 142 shares during the last quarter. Finally, Realta Investment Advisors grew its holdings in SPDR S&P Aerospace & Defense ETF by 2.0% in the 4th quarter. Realta Investment Advisors now owns 7,505 shares of the company’s stock valued at $1,016,000 after buying an additional 147 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Up 1.6 %

Shares of XAR opened at $141.73 on Tuesday. The stock has a fifty day simple moving average of $137.27 and a two-hundred day simple moving average of $131.54. The company has a market capitalization of $2.13 billion, a PE ratio of 30.33 and a beta of 0.85. SPDR S&P Aerospace & Defense ETF has a 52-week low of $108.32 and a 52-week high of $142.78.

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.