Meridian Wealth Management LLC Has $501,000 Position in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Meridian Wealth Management LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 3.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,020 shares of the company’s stock after buying an additional 100 shares during the period. Meridian Wealth Management LLC’s holdings in SPDR S&P Aerospace & Defense ETF were worth $501,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in XAR. Howard Capital Management Group LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 21.1% in the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock worth $28,238,000 after acquiring an additional 31,277 shares during the last quarter. Advisor Resource Council bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter worth about $756,000. Objective Capital Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter worth about $281,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 23.0% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 25,199 shares of the company’s stock worth $3,958,000 after acquiring an additional 4,712 shares during the last quarter. Finally, Meixler Investment Management Ltd. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.3% in the third quarter. Meixler Investment Management Ltd. now owns 6,961 shares of the company’s stock worth $1,095,000 after acquiring an additional 87 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Price Performance

XAR opened at $164.60 on Thursday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 27.49 and a beta of 1.13. The firm has a 50 day simple moving average of $169.98 and a 200 day simple moving average of $164.16. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $131.78 and a fifty-two week high of $181.39.

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.