Sowell Financial Services LLC Has $3.49 Million Stock Position in SPDR S&P Aerospace & Defense ETF $XAR

Sowell Financial Services LLC boosted its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 399.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,834 shares of the company’s stock after purchasing an additional 11,864 shares during the quarter. Sowell Financial Services LLC owned about 0.08% of SPDR S&P Aerospace & Defense ETF worth $3,485,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OMERS ADMINISTRATION Corp bought a new position in SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $1,229,000. Royal Bank of Canada boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 16.2% during the 1st quarter. Royal Bank of Canada now owns 105,773 shares of the company’s stock worth $16,996,000 after acquiring an additional 14,717 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 21.2% in the first quarter. Integrated Wealth Concepts LLC now owns 10,732 shares of the company’s stock valued at $1,724,000 after acquiring an additional 1,877 shares during the last quarter. NewEdge Advisors LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 0.8% in the first quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock valued at $1,327,000 after acquiring an additional 67 shares during the last quarter. Finally, Obsidian Personal Planning Solutions LLC raised its position in SPDR S&P Aerospace & Defense ETF by 11.5% during the first quarter. Obsidian Personal Planning Solutions LLC now owns 40,511 shares of the company’s stock valued at $6,926,000 after purchasing an additional 4,170 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $246.42 on Monday. The stock’s fifty day moving average price is $236.23 and its two-hundred day moving average price is $225.13. The company has a market cap of $4.81 billion, a PE ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $137.09 and a fifty-two week high of $254.09.

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.