Belpointe Asset Management LLC Invests $1.49 Million in SPDR S&P Aerospace & Defense ETF $XAR

Belpointe Asset Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,326 shares of the company’s stock, valued at approximately $1,487,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. NWF Advisory Services Inc. purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $338,000. B. Riley Wealth Advisors Inc. grew its stake in SPDR S&P Aerospace & Defense ETF by 2.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,789 shares of the company’s stock worth $2,065,000 after purchasing an additional 195 shares in the last quarter. Patten & Patten Inc. TN bought a new position in SPDR S&P Aerospace & Defense ETF in the third quarter worth approximately $212,000. FSA Investment Group LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth $236,000. Finally, Global View Capital Management LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 56.3% in the 3rd quarter. Global View Capital Management LLC now owns 4,697 shares of the company’s stock worth $1,104,000 after buying an additional 1,691 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Down 1.2%

Shares of SPDR S&P Aerospace & Defense ETF stock opened at $281.57 on Thursday. The firm has a market cap of $5.87 billion, a P/E ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 12 month low of $137.09 and a 12 month high of $294.45. The stock’s fifty day moving average price is $251.53 and its 200-day moving average price is $235.93.

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.