SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sets New 52-Week High – Here’s What Happened

Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) hit a new 52-week high during trading on Monday . The company traded as high as $201.26 and last traded at $200.90, with a volume of 19345 shares trading hands. The stock had previously closed at $198.33.

SPDR S&P Aerospace & Defense ETF Stock Performance

The firm has a market cap of $3.32 billion, a P/E ratio of 34.73 and a beta of 1.07. The stock’s 50 day simple moving average is $174.41 and its 200 day simple moving average is $170.63.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in XAR. Apollon Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth about $268,000. Wilmington Savings Fund Society FSB bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth approximately $50,000. Kestra Private Wealth Services LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 4.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 2,719 shares of the company’s stock worth $451,000 after purchasing an additional 104 shares during the last quarter. Newbridge Financial Services Group Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 33.9% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 509 shares of the company’s stock worth $84,000 after purchasing an additional 129 shares during the last quarter. Finally, Powell Investment Advisors LLC increased its position in shares of SPDR S&P Aerospace & Defense ETF by 34.9% in the fourth quarter. Powell Investment Advisors LLC now owns 2,360 shares of the company’s stock worth $391,000 after purchasing an additional 610 shares during the last quarter.

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.