Robinhood Asset Management LLC Buys Shares of 147,485 SPDR S&P Aerospace & Defense ETF $XAR
by Renee Jackson · The Cerbat GemRobinhood Asset Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 147,485 shares of the company’s stock, valued at approximately $35,579,000. SPDR S&P Aerospace & Defense ETF accounts for 2.8% of Robinhood Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Robinhood Asset Management LLC owned about 0.70% of SPDR S&P Aerospace & Defense ETF at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in SPDR S&P Aerospace & Defense ETF by 0.8% during the first quarter. NewEdge Advisors LLC now owns 8,257 shares of the company’s stock valued at $1,327,000 after purchasing an additional 67 shares in the last quarter. Empowered Funds LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the first quarter valued at about $1,582,000. Jane Street Group LLC raised its holdings in SPDR S&P Aerospace & Defense ETF by 10.0% in the first quarter. Jane Street Group LLC now owns 18,380 shares of the company’s stock worth $2,953,000 after purchasing an additional 1,667 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 49.4% during the second quarter. JPMorgan Chase & Co. now owns 64,513 shares of the company’s stock valued at $13,608,000 after buying an additional 21,319 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 2.7% during the second quarter. Franklin Resources Inc. now owns 2,903 shares of the company’s stock valued at $612,000 after buying an additional 77 shares during the last quarter.
SPDR S&P Aerospace & Defense ETF Stock Up 1.6%
Shares of SPDR S&P Aerospace & Defense ETF stock opened at $263.64 on Tuesday. The company has a market cap of $6.00 billion, a P/E ratio of 35.83 and a beta of 1.13. The firm’s 50 day moving average price is $271.71 and its 200-day moving average price is $254.05. SPDR S&P Aerospace & Defense ETF has a 52-week low of $137.09 and a 52-week high of $295.39.
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.