Truist Financial Corp Has $4.24 Million Stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

Truist Financial Corp lifted its stake in SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) by 71.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,540 shares of the company’s stock after purchasing an additional 10,672 shares during the period. Truist Financial Corp’s holdings in SPDR S&P Aerospace & Defense ETF were worth $4,235,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $50,000. Values First Advisors Inc. acquired a new stake in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $65,000. Darwin Wealth Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the third quarter worth approximately $70,000. Stonebridge Financial Group LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $77,000. Finally, Newbridge Financial Services Group Inc. increased its holdings in SPDR S&P Aerospace & Defense ETF by 33.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 509 shares of the company’s stock valued at $84,000 after purchasing an additional 129 shares during the last quarter.

SPDR S&P Aerospace & Defense ETF Trading Down 2.9 %

SPDR S&P Aerospace & Defense ETF stock opened at $162.69 on Monday. The firm has a market capitalization of $2.44 billion, a P/E ratio of 30.33 and a beta of 0.85. The business has a 50-day moving average of $170.63 and a 200-day moving average of $163.29. SPDR S&P Aerospace & Defense ETF has a 1 year low of $131.78 and a 1 year high of $181.38.

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.