Maridea Wealth Management LLC Purchases Shares of 4,136 SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Maridea Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,136 shares of the company’s stock, valued at approximately $686,000.

Several other hedge funds and other institutional investors have also made changes to their positions in XAR. Level Four Advisory Services LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $216,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at $168,000. PKS Advisory Services LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at about $213,000. Signature Estate & Investment Advisors LLC lifted its holdings in SPDR S&P Aerospace & Defense ETF by 2.5% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 10,401 shares of the company’s stock worth $1,725,000 after purchasing an additional 249 shares during the period. Finally, CoreFirst Bank & Trust bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at about $143,000.

SPDR S&P Aerospace & Defense ETF Trading Down 2.0 %

SPDR S&P Aerospace & Defense ETF stock opened at $161.89 on Friday. The company’s 50-day moving average price is $168.24 and its two-hundred day moving average price is $165.35. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13. SPDR S&P Aerospace & Defense ETF has a 52 week low of $131.78 and a 52 week high of $181.39.

SPDR S&P Aerospace & Defense ETF Increases Dividend

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

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.