SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sees Strong Trading Volume – What’s Next?

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) shares saw an uptick in trading volume on Tuesday . 140,407 shares were traded during trading, an increase of 71% from the previous session’s volume of 82,298 shares.The stock last traded at $161.20 and had previously closed at $163.94.

SPDR S&P Aerospace & Defense ETF Stock Performance

The company’s 50 day moving average is $155.41 and its 200 day moving average is $146.41. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

Hedge Funds Weigh In On SPDR S&P Aerospace & Defense ETF

Institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at about $126,000. Optimum Investment Advisors increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 14.9% in the second quarter. Optimum Investment Advisors now owns 1,156 shares of the company’s stock valued at $162,000 after purchasing an additional 150 shares in the last quarter. Rappaport Reiches Capital Management LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 3.7% in the third quarter. Rappaport Reiches Capital Management LLC now owns 5,141 shares of the company’s stock valued at $809,000 after purchasing an additional 182 shares in the last quarter. Spinnaker Investment Group LLC bought a new position in SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $382,000. Finally, CWM LLC lifted its holdings in 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 worth $236,000 after buying an additional 378 shares in the last quarter.

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.