Farther Finance Advisors LLC Has $338,000 Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Farther Finance Advisors LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 421.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,086 shares of the company’s stock after purchasing an additional 1,686 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $338,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. LPL Financial LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 15.3% during the 4th quarter. LPL Financial LLC now owns 1,190,664 shares of the company’s stock worth $197,436,000 after purchasing an additional 157,742 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.5% during the fourth quarter. Bank of America Corp DE now owns 810,919 shares of the company’s stock worth $134,467,000 after buying an additional 42,021 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 60.2% in the fourth quarter. Wells Fargo & Company MN now owns 238,949 shares of the company’s stock valued at $39,623,000 after acquiring an additional 89,751 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 4.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 148,575 shares of the company’s stock valued at $24,637,000 after acquiring an additional 6,121 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 4.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 134,037 shares of the company’s stock worth $22,226,000 after acquiring an additional 5,917 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR stock opened at $197.70 on Wednesday. The business has a fifty day moving average price of $180.76 and a 200 day moving average price of $171.83. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $137.09 and a fifty-two week high of $201.67. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 34.73 and a beta of 1.07.

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.