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

Belpointe Asset Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 6,326 shares of the company’s stock, valued at approximately $1,487,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in XAR. Harbor Investment Advisory LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the third quarter worth $28,000. Darwin Wealth Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $43,000. Centricity Wealth Management LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 100.0% during the 2nd quarter. Centricity Wealth Management LLC now owns 230 shares of the company’s stock valued at $49,000 after buying an additional 115 shares during the last quarter. Valley National Advisers Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 156.4% during the 2nd quarter. Valley National Advisers Inc. now owns 282 shares of the company’s stock valued at $59,000 after buying an additional 172 shares during the last quarter. Finally, Glass Jacobson Investment Advisors llc lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 30.4% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 296 shares of the company’s stock valued at $62,000 after buying an additional 69 shares during the period.

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

Shares of XAR opened at $281.57 on Thursday. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 52 week low of $137.09 and a 52 week high of $294.45. The stock’s 50-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.