Thoroughbred Financial Services LLC Acquires New Shares in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Thoroughbred Financial Services LLC acquired a new position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,235 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in XAR. LPL Financial LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 15.3% in the 4th quarter. LPL Financial LLC now owns 1,190,664 shares of the company’s stock worth $197,436,000 after acquiring an additional 157,742 shares in the last quarter. Raymond James Financial Inc. bought a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $22,118,000. Strategic Financial Concepts LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $19,962,000. Howard Capital Management Group LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 21.1% during the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after buying an additional 31,277 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 51.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 76,176 shares of the company’s stock valued at $12,632,000 after buying an additional 25,812 shares in the last quarter.

SPDR S&P Aerospace & Defense ETF Stock Up 0.7 %

NYSEARCA XAR opened at $146.00 on Tuesday. SPDR S&P Aerospace & Defense ETF has a 52 week low of $131.78 and a 52 week high of $181.39. The company has a 50 day moving average price of $165.60 and a 200 day moving average price of $165.71. The firm has a market cap of $2.35 billion, a PE ratio of 28.70 and a beta of 1.01.

SPDR S&P Aerospace & Defense ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were given a dividend of $0.1897 per share. The ex-dividend date was Monday, March 24th. This is an increase from SPDR S&P Aerospace & Defense ETF’s previous dividend of $0.16.

SPDR S&P Aerospace & Defense ETF 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.