Fifth Third Bancorp Invests $1.63 Million in SPDR S&P Aerospace & Defense ETF $XAR

Fifth Third Bancorp purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 6,424 shares of the company’s stock, valued at approximately $1,632,000.

Several other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 2,023.8% in the 4th quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after purchasing an additional 489,444 shares in the last quarter. CWM LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 2,668.1% during the fourth quarter. CWM LLC now owns 206,667 shares of the company’s stock worth $49,856,000 after purchasing an additional 199,201 shares during the period. Robinhood Asset Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth approximately $35,579,000. BNP Paribas Financial Markets raised its position in shares of SPDR S&P Aerospace & Defense ETF by 174.4% in the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock valued at $28,790,000 after buying an additional 77,870 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the fourth quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock valued at $310,449,000 after buying an additional 68,722 shares during the period.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:XAR opened at $270.54 on Friday. The company has a market capitalization of $6.07 billion, a P/E ratio of 35.83 and a beta of 1.00. The business’s 50 day simple moving average is $274.54 and its 200 day simple moving average is $272.60. SPDR S&P Aerospace & Defense ETF has a 1 year low of $208.77 and a 1 year high of $295.39.

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.