SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Reaches New 12-Month High – Time to Buy?

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) reached a new 52-week high during trading on Tuesday . The company traded as high as $175.70 and last traded at $174.86, with a volume of 18613 shares. The stock had previously closed at $172.49.

SPDR S&P Aerospace & Defense ETF Stock Down 0.4 %

The firm has a fifty day moving average price of $161.72 and a two-hundred day moving average price of $151.34. The stock has a market capitalization of $2.61 billion, a P/E ratio of 30.33 and a beta of 0.85.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the second quarter worth $126,000. Optimum Investment Advisors raised its position in SPDR S&P Aerospace & Defense ETF by 14.9% in the 2nd quarter. Optimum Investment Advisors now owns 1,156 shares of the company’s stock worth $162,000 after buying an additional 150 shares during the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in SPDR S&P Aerospace & Defense ETF by 3.7% during the 3rd quarter. Rappaport Reiches Capital Management LLC now owns 5,141 shares of the company’s stock valued at $809,000 after acquiring an additional 182 shares during the period. CWM LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 28.9% during the 2nd quarter. CWM LLC now owns 1,684 shares of the company’s stock valued at $236,000 after acquiring an additional 378 shares during the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 75.9% during the 1st quarter. Cetera Advisors LLC now owns 25,444 shares of the company’s stock valued at $3,575,000 after acquiring an additional 10,979 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.