Howard Capital Management Group LLC Purchases 6,861 Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Howard Capital Management Group LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 186,333 shares of the company’s stock after acquiring an additional 6,861 shares during the period. SPDR S&P Aerospace & Defense ETF makes up 2.1% of Howard Capital Management Group LLC’s portfolio, making the stock its 17th biggest holding. Howard Capital Management Group LLC owned approximately 1.24% of SPDR S&P Aerospace & Defense ETF worth $30,898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in XAR. Wulff Hansen & CO. acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $296,000. Prairie Wealth Advisors Inc. grew its position in SPDR S&P Aerospace & Defense ETF by 9.1% in the 2nd quarter. Prairie Wealth Advisors Inc. now owns 1,740 shares of the company’s stock worth $244,000 after purchasing an additional 145 shares during the last quarter. Rockport Wealth LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $215,000. Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR S&P Aerospace & Defense ETF by 31.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 23,922 shares of the company’s stock valued at $3,349,000 after buying an additional 5,785 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 1,234.2% in the second quarter. NewEdge Advisors LLC now owns 13,942 shares of the company’s stock valued at $1,952,000 after buying an additional 12,897 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Up 4.7 %

XAR stock opened at $180.76 on Wednesday. SPDR S&P Aerospace & Defense ETF has a twelve month low of $127.75 and a twelve month high of $180.76. The company has a market cap of $2.72 billion, a PE ratio of 30.33 and a beta of 0.85. The business’s 50-day simple moving average is $169.16 and its 200 day simple moving average is $158.66.

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.