SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Stock Sees Heavy Put Option Buying

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the recipient of unusually large options trading on Monday. Traders purchased 6,416 put options on the stock. This is an increase of approximately 818% compared to the average volume of 699 put options.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

Hedge funds have recently made changes to their positions in the business. Advocacy Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at $458,273,000. Bank of America Corp DE raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock valued at $215,558,000 after buying an additional 45,281 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 185,014 shares of the company’s stock valued at $42,784,000 after buying an additional 606 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 19.2% during the first quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after buying an additional 27,883 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 8.9% during the first quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock worth $35,602,000 after buying an additional 11,459 shares during the period.

SPDR S&P Aerospace & Defense ETF Trading Down 0.3%

SPDR S&P Aerospace & Defense ETF stock traded down $0.63 during midday trading on Monday, reaching $223.90. 228,196 shares of the stock traded hands, compared to its average volume of 277,652. The company has a 50-day simple moving average of $251.00 and a two-hundred day simple moving average of $264.10. SPDR S&P Aerospace & Defense ETF has a 12-month low of $215.02 and a 12-month high of $297.79. The firm has a market cap of $5.34 billion, a PE ratio of 35.83 and a beta of 1.03.

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.