1,806 Shares in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Bought by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV bought a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,806 shares of the company’s stock, valued at approximately $300,000.

Several other large investors also recently bought and sold shares of the company. Summit Financial LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 14.3% in the 4th quarter. Summit Financial LLC now owns 8,079 shares of the company’s stock worth $1,340,000 after buying an additional 1,012 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 97.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 456 shares of the company’s stock worth $77,000 after purchasing an additional 225 shares during the last quarter. Strategy Asset Managers LLC grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 4.8% during the fourth quarter. Strategy Asset Managers LLC now owns 5,499 shares of the company’s stock worth $912,000 after buying an additional 251 shares in the last quarter. Maridea Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $686,000. Finally, Level Four Advisory Services LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $216,000.

SPDR S&P Aerospace & Defense ETF Trading Up 0.8 %

NYSEARCA XAR opened at $161.94 on Wednesday. The business’s 50-day moving average price is $167.62 and its 200 day moving average price is $165.70. SPDR S&P Aerospace & Defense ETF has a twelve month low of $131.78 and a twelve month high of $181.39. The company has a market capitalization of $2.61 billion, a PE ratio of 28.70 and a beta of 1.01.

SPDR S&P Aerospace & Defense ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.1897 per share. This is a positive change from SPDR S&P Aerospace & Defense ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, March 24th.

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.