Focus Financial Network Inc. Has $654,000 Stock Holdings in SPDR S&P Aerospace & Defense ETF $XAR

Focus Financial Network Inc. cut its position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 66.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,710 shares of the company’s stock after selling 5,402 shares during the quarter. Focus Financial Network Inc.’s holdings in SPDR S&P Aerospace & Defense ETF were worth $654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. 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. Empowered Funds LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the first quarter valued at about $1,582,000. Jane Street Group LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 10.0% in the 1st quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock valued at $2,953,000 after buying an additional 1,667 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 49.4% during the second quarter. JPMorgan Chase & Co. now owns 64,513 shares of the company’s stock worth $13,608,000 after purchasing an additional 21,319 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in SPDR S&P Aerospace & Defense ETF by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 2,903 shares of the company’s stock worth $612,000 after buying an additional 77 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR opened at $250.57 on Friday. The company has a market capitalization of $5.32 billion, a P/E ratio of 35.83 and a beta of 1.13. The company’s 50 day moving average price is $275.14 and its 200-day moving average price is $252.15. SPDR S&P Aerospace & Defense ETF has a 52-week low of $137.09 and a 52-week high of $295.39.

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.