PKS Advisory Services LLC Buys New Shares in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

PKS Advisory Services LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the 4th quarter, Holdings Channel reports. The fund purchased 1,285 shares of the company’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 14.1% during the 4th quarter. Sanctuary Advisors LLC now owns 2,415 shares of the company’s stock worth $424,000 after purchasing an additional 299 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 5.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,118 shares of the company’s stock valued at $517,000 after buying an additional 168 shares during the period. Raymond James Financial Inc. bought a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at approximately $22,118,000. Allworth Financial LP lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 36.5% in the fourth quarter. Allworth Financial LP now owns 617 shares of the company’s stock valued at $110,000 after buying an additional 165 shares during the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 4.3% during the 3rd quarter. World Investment Advisors LLC now owns 9,838 shares of the company’s stock worth $1,548,000 after acquiring an additional 402 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Down 2.1 %

XAR opened at $166.72 on Thursday. The stock’s fifty day simple moving average is $168.59 and its 200 day simple moving average is $165.27. SPDR S&P Aerospace & Defense ETF has a 1-year low of $131.78 and a 1-year high of $181.39. The stock has a market cap of $2.69 billion, a PE ratio of 28.68 and a beta of 1.13.

SPDR S&P Aerospace & Defense ETF Increases Dividend

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

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.