SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Reaches New 52-Week High – Should You Buy?

Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $178.17 and last traded at $177.26, with a volume of 29203 shares trading hands. The stock had previously closed at $172.65.

SPDR S&P Aerospace & Defense ETF Stock Performance

The company has a 50 day moving average of $169.55 and a 200-day moving average of $159.08. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

Institutional Investors Weigh In On SPDR S&P Aerospace & Defense ETF

A number of hedge funds have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth about $126,000. Rappaport Reiches Capital Management LLC grew its holdings 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 worth $809,000 after acquiring an additional 182 shares in the last quarter. Gateway Wealth Partners LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $234,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 6.6% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 3,808 shares of the company’s stock valued at $599,000 after purchasing an additional 237 shares during the last quarter. Finally, World Investment Advisors LLC raised its holdings in shares of SPDR S&P Aerospace & Defense ETF by 4.3% in the 3rd quarter. World Investment Advisors LLC now owns 9,838 shares of the company’s stock valued at $1,548,000 after purchasing an additional 402 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.