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SPDR S&P Aerospace & Defense ETF (XAR)

- NYSEARCA
  • Dec. 19, 2014, 1:53 PM
    • SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) announces quarterly distribution of $0.161.
    • 30-Day Sec yield of 0.64% (as of 12/17/2014).
    • Payable Dec 30; for shareholders of record Dec 23; ex-div Dec 19.
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  • Apr. 7, 2014, 9:10 AM
    • Twitter's down 32% this year, Facebook's off 20% in a month, and biotech nearly that much, but money is returning to the industrial sector. While the Nasdaq 100 posted its worst one-day drop since 2011 on Friday and last week fell for the 3rd week in 4, the Industrial Select SPDR (XLI) gained 1.6%.
    • In the year's first quarter, the XLI had lost 1.4%, putting it in 9th place among 10 S&P 500 groups.
    • "You’re seeing the beginning of investors shifting money ahead of a wave of spending,” says Drew Nordlicht of HighTower Advisors. “The expectation is, as the economy begins to kick into a higher gear, corporate America will utilize the amount of cash to spend on capital expenditures."
    • GE comprises more than 10% of the XLI, and UTX, Union Pacific, Boeing, and 3M round out the top 5, each with holdings in the 5% range.
    • Related ETFs: XLI, PHO, CGW, PIO, VIS, ITA, FIW, PPA, IGF, CARZ, IYJ, XAR, IPN, EMIF, FIDU, PRN, UXI, FXR, PXR, EXI, GII, EVX, FLM, RGI, SIJ, PSCI, NFRA, TOLZ, AXID
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  • Feb. 22, 2013, 3:57 AM
    Frank Kendall, the Under Secretary of Defense for Acquisition, has authorized the Pentagon's purchasers and program managers to start talking to suppliers about the plans for implementing $46B of automatic cost reductions, which are due to take effect next Friday. The impact of the cuts will be exacerbated by the DOD not receiving an appropriation for this year, with much of its money in the wrong accounts.
    | 1 Comment
  • Jul. 10, 2012, 1:06 PM
    Dire predictions that defense firms will be legally required to send dismissal warnings to tens of thousands of employees if Congress doesn't stop the looming automatic cuts is just a lobbying tactic, says employment lawyer Margaret Keane. "Are we really talking about complying with the WARN Act, or are we talking about political pressure being applied?" Keane asks.
    | 11 Comments
  • Jun. 19, 2012, 7:57 AM
    You don't wait for the hurricane to arrive before boarding up the windows, says BofA's Mike Hanson, already seeing evidence of corporate spending caution ahead of the so-called 2013 fiscal cliff. Defense contractors are most fearful as that part of the budget would be an easy target for massive cuts.
    | 1 Comment
  • Jun. 14, 2012, 1:08 PM
    Consolidation in the global defense industry is "inevitable," says Gordon Lane of British trade group ADS while at a major arms show in Paris, especially because of steep cuts among Nato countries. However, analysts believe massive mergers are unlikely; rather the majors could buy the second-tier firms.
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  • Jan. 5, 2012, 11:49 AM
    President Obama unveils his administration's defense strategy (.pdf), which will lead to more than $450B in cuts over the next 10 years. In addition to mentioning Iran and terrorism, the review highlights the intention to counter any threats from China given that it has the potential to affect the U.S.'s economy and security.
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XAR Description
The SPDR® S&P® Aerospace & Defense ETF seeks to replicate as closely as possible, before expenses, the total return performance of the S&P Aerospace & Defense Industry® Index (ticker: SPSIAD). Our approach is designed to produce portfolios with low portfolio turnover, accurate tracking, and lower costs.
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