SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Hits New 52-Week High – What’s Next?

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $175.70 and last traded at $174.86, with a volume of 18613 shares changing hands. The stock had previously closed at $172.49.

SPDR S&P Aerospace & Defense ETF Stock Performance

The stock’s fifty day moving average is $160.85 and its 200 day moving average is $150.95. The stock has a market cap of $2.63 billion, a P/E ratio of 30.33 and a beta of 0.85.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XAR. Fairfield Financial Advisors LTD purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at about $37,000. Mather Group LLC. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter valued at approximately $49,000. GPS Wealth Strategies Group LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 43.9% in the second quarter. GPS Wealth Strategies Group LLC now owns 459 shares of the company’s stock worth $64,000 after purchasing an additional 140 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth $70,000. Finally, ORG Partners LLC bought a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $77,000.

About SPDR S&P Aerospace & Defense ETF

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.