Jericho Financial LLP Takes Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Jericho Financial LLP bought a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,621 shares of the company’s stock, valued at approximately $269,000.

A number of other institutional investors and hedge funds also recently modified their holdings of XAR. Howard Capital Management Group LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 3.8% in the 4th quarter. Howard Capital Management Group LLC now owns 186,333 shares of the company’s stock valued at $30,898,000 after purchasing an additional 6,861 shares during the period. PNC Financial Services Group Inc. lifted its stake in SPDR S&P Aerospace & Defense ETF by 20.7% during the third quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock valued at $22,414,000 after buying an additional 24,404 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 1.4% in the third quarter. Raymond James & Associates now owns 79,824 shares of the company’s stock worth $12,559,000 after buying an additional 1,102 shares during the period. Enclave Advisors LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 20.8% in the fourth quarter. Enclave Advisors LLC now owns 74,384 shares of the company’s stock worth $12,334,000 after acquiring an additional 12,786 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.1% during the third quarter. Kingsview Wealth Management LLC now owns 50,364 shares of the company’s stock valued at $7,924,000 after acquiring an additional 2,466 shares during the period.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA:XAR opened at $174.75 on Wednesday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $127.75 and a 52 week high of $181.38. The company has a market cap of $2.62 billion, a PE ratio of 30.33 and a beta of 0.85. The firm has a 50 day simple moving average of $170.78 and a 200 day simple moving average of $160.97.

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.