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

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) shares hit a new 52-week high on Friday . The stock traded as high as $297.79 and last traded at $293.79, with a volume of 25983 shares changing hands. The stock had previously closed at $292.10.

SPDR S&P Aerospace & Defense ETF Price Performance

The business’s fifty day moving average price is $275.92 and its 200-day moving average price is $272.44. The stock has a market capitalization of $6.68 billion, a PE ratio of 35.83 and a beta of 1.01.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Turtle Creek Wealth Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $28,000. Glenmede Trust Co. NA bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the first quarter worth $30,000. Strive Financial Group LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $30,000. Darwin Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $43,000. Finally, Key Financial Inc bought a new stake in SPDR S&P Aerospace & Defense ETF during the fourth quarter valued at $50,000.

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.