SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Hits New 1-Year High – Here’s What Happened

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $160.15 and last traded at $160.15, with a volume of 130464 shares. The stock had previously closed at $157.00.

SPDR S&P Aerospace & Defense ETF Stock Performance

The firm has a 50 day moving average of $152.70 and a 200-day moving average of $145.11. The stock has a market capitalization of $2.41 billion, a PE ratio of 30.33 and a beta of 0.85.

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

Several hedge funds have recently bought and sold shares of the business. VitalStone Financial LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 21.6% during the 3rd quarter. VitalStone Financial LLC now owns 1,658 shares of the company’s stock worth $261,000 after purchasing an additional 295 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 6.6% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,808 shares of the company’s stock worth $599,000 after purchasing an additional 237 shares in the last quarter. Rappaport Reiches Capital Management LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 3.7% during the 3rd quarter. Rappaport Reiches Capital Management LLC now owns 5,141 shares of the company’s stock worth $809,000 after purchasing an additional 182 shares in the last quarter. CWM LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 31.4% during the 3rd quarter. CWM LLC now owns 2,213 shares of the company’s stock worth $348,000 after purchasing an additional 529 shares in the last quarter. Finally, WealthBridge Capital Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth about $315,000.

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.