Shepherd Financial Partners LLC Makes New $217,000 Investment in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Shepherd Financial Partners LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,378 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 2.7% during the second quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock worth $149,172,000 after purchasing an additional 28,069 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 8.3% in the second quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock valued at $47,029,000 after acquiring an additional 25,649 shares during the last quarter. Wulff Hansen & CO. bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $41,479,000. 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 valued at $28,238,000 after acquiring an additional 31,277 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.0% in the second quarter. Commonwealth Equity Services LLC now owns 121,818 shares of the company’s stock valued at $17,052,000 after acquiring an additional 1,221 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Up 0.8 %

NYSEARCA:XAR opened at $154.98 on Friday. SPDR S&P Aerospace & Defense ETF has a 1 year low of $117.62 and a 1 year high of $164.88. The firm has a 50 day moving average of $156.22 and a 200-day moving average of $147.42. The stock has a market capitalization of $2.33 billion, a P/E ratio of 30.33 and a beta of 0.85.

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.