Brookstone Capital Management Buys 2,555 Shares of SPDR S&P Aerospace & Defense ETF $XAR

Brookstone Capital Management increased its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 81.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,677 shares of the company’s stock after buying an additional 2,555 shares during the quarter. Brookstone Capital Management’s holdings in SPDR S&P Aerospace & Defense ETF were worth $1,370,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE raised its position in SPDR S&P Aerospace & Defense ETF by 5.8% during the third quarter. Bank of America Corp DE now owns 810,236 shares of the company’s stock worth $190,373,000 after acquiring an additional 44,082 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of SPDR S&P Aerospace & Defense ETF by 28.7% in the 3rd quarter. Raymond James Financial Inc. now owns 250,121 shares of the company’s stock valued at $58,768,000 after acquiring an additional 55,705 shares during the period. Quadrature Capital Ltd bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at about $46,032,000. Howard Capital Management Group LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 0.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 189,800 shares of the company’s stock worth $44,595,000 after purchasing an additional 1,128 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 13.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 151,571 shares of the company’s stock worth $35,613,000 after purchasing an additional 17,677 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of XAR stock opened at $259.58 on Friday. SPDR S&P Aerospace & Defense ETF has a 52-week low of $137.09 and a 52-week high of $295.39. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. The firm’s 50-day moving average is $272.03 and its 200-day moving average is $253.37.

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.