SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Reaches New 1-Year High – Time to Buy?

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $295.39 and last traded at $287.5610, with a volume of 360461 shares traded. The stock had previously closed at $282.94.

SPDR S&P Aerospace & Defense ETF Stock Performance

The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of 35.83 and a beta of 1.13. The firm’s 50-day moving average price is $272.65 and its two-hundred day moving average price is $245.89.

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

A number of hedge funds have recently modified their holdings of XAR. NWF Advisory Services Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 4.7% in the 4th quarter. NWF Advisory Services Inc. now owns 1,507 shares of the company’s stock valued at $364,000 after buying an additional 67 shares in the last quarter. NCM Capital Management LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 1,119.6% in the 4th quarter. NCM Capital Management LLC now owns 11,245 shares of the company’s stock valued at $2,713,000 after purchasing an additional 10,323 shares in the last quarter. Southern Capital Services Inc. ADV acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $6,812,000. Tempo Wealth LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $424,000. Finally, Sonoma Allocations LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter worth about $374,000.

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.