Waverly Advisors LLC Takes $1.29 Million Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Waverly Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the 1st quarter, Holdings Channel reports. The firm acquired 9,166 shares of the company’s stock, valued at approximately $1,288,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at approximately $569,000. Raymond James & Associates grew its position in shares of SPDR S&P Aerospace & Defense ETF by 12.3% during the 4th quarter. Raymond James & Associates now owns 83,251 shares of the company’s stock valued at $11,274,000 after acquiring an additional 9,148 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 86.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 84,599 shares of the company’s stock worth $11,456,000 after purchasing an additional 39,311 shares in the last quarter. Pinnacle Associates Ltd. raised its holdings in SPDR S&P Aerospace & Defense ETF by 7.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 17,476 shares of the company’s stock worth $2,367,000 after purchasing an additional 1,160 shares during the period. Finally, Claro Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at $550,000.

SPDR S&P Aerospace & Defense ETF Stock Performance

NYSEARCA:XAR opened at $148.93 on Wednesday. The stock has a 50-day simple moving average of $142.95 and a two-hundred day simple moving average of $138.49. SPDR S&P Aerospace & Defense ETF has a 52-week low of $108.32 and a 52-week high of $149.97. The firm has a market capitalization of $2.24 billion, a PE ratio of 30.33 and a beta of 0.85.

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.