SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Reaches New 12-Month High – Here’s What Happened

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $201.98 and last traded at $198.86, with a volume of 17520 shares traded. The stock had previously closed at $201.10.

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

The firm’s 50-day moving average price is $183.67 and its 200 day moving average price is $172.53. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 34.73 and a beta of 1.07.

Institutional Investors Weigh In On SPDR S&P Aerospace & Defense ETF

Several hedge funds and other institutional investors have recently modified their holdings of XAR. TD Capital Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter worth about $29,000. Roxbury Financial LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $30,000. Reyes Financial Architecture Inc. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth approximately $32,000. Brentview Investment Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $32,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter valued at approximately $32,000.

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.