SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sets New 1-Year High at $149.86

Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) hit a new 52-week high during trading on Thursday . The stock traded as high as $149.86 and last traded at $149.49, with a volume of 76381 shares traded. The stock had previously closed at $145.42.

SPDR S&P Aerospace & Defense ETF Price Performance

The stock’s 50 day simple moving average is $142.60 and its two-hundred day simple moving average is $137.91. The stock has a market capitalization of $2.22 billion, a PE ratio of 30.33 and a beta of 0.85.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

Hedge funds have recently made changes to their positions in the company. Scarborough Advisors LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 4th quarter worth approximately $67,233,000. Howard Capital Management Group LLC lifted its position in shares of SPDR S&P Aerospace & Defense ETF by 14.3% during the second quarter. Howard Capital Management Group LLC now owns 148,195 shares of the company’s stock worth $20,744,000 after acquiring an additional 18,545 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 89.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 134,748 shares of the company’s stock worth $18,248,000 after acquiring an additional 63,542 shares during the period. Greenlight Capital Inc. bought a new position in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $17,560,000. Finally, Commonwealth Equity Services LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 17.2% in the first quarter. Commonwealth Equity Services LLC now owns 120,597 shares of the company’s stock valued at $16,945,000 after purchasing an additional 17,730 shares in 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.