SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sets New 12-Month 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 $178.17 and last traded at $177.26, with a volume of 29203 shares traded. The stock had previously closed at $172.65.

SPDR S&P Aerospace & Defense ETF Stock Up 4.3 %

The stock’s 50-day moving average is $169.16 and its 200 day moving average is $158.66. The stock has a market capitalization of $2.70 billion, a PE ratio of 30.33 and a beta of 0.85.

Hedge Funds Weigh In On SPDR S&P Aerospace & Defense ETF

Several hedge funds have recently bought and sold shares of XAR. Darwin Wealth Management LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 3rd quarter worth $70,000. Anchor Investment Management LLC boosted its stake in SPDR S&P Aerospace & Defense ETF by 4,300.0% during the 2nd quarter. Anchor Investment Management LLC now owns 880 shares of the company’s stock valued at $123,000 after purchasing an additional 860 shares during the period. EP Wealth Advisors LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth approximately $126,000. HBW Advisory Services LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 156.5% during the fourth quarter. HBW Advisory Services LLC now owns 1,321 shares of the company’s stock worth $219,000 after buying an additional 806 shares during the last quarter. Finally, Cable Hill Partners LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the third quarter worth approximately $216,000.

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.