Truist Financial Corp Grows Position in SPDR S&P Aerospace & Defense ETF $XAR

Truist Financial Corp lifted its holdings in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 2.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,230 shares of the company’s stock after purchasing an additional 678 shares during the quarter. Truist Financial Corp owned 0.14% of SPDR S&P Aerospace & Defense ETF worth $5,322,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TD Capital Management LLC bought a new position in SPDR S&P Aerospace & Defense ETF during the first quarter valued at $29,000. Reyes Financial Architecture Inc. bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $32,000. Brentview Investment Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the first quarter worth about $32,000. Zions Bancorporation National Association UT bought a new stake in SPDR S&P Aerospace & Defense ETF during the first quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC raised its position in SPDR S&P Aerospace & Defense ETF by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 252 shares of the company’s stock valued at $40,000 after purchasing an additional 126 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

NYSEARCA:XAR opened at $245.76 on Wednesday. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 35.83 and a beta of 1.09. The business has a 50 day simple moving average of $221.91 and a 200-day simple moving average of $199.23. SPDR S&P Aerospace & Defense ETF has a 1 year low of $137.09 and a 1 year high of $248.52.

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.