SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 91,827 shares changed hands during mid-day trading, an increase of 17% from the previous session’s volume of 78,224 shares.The stock last traded at $136.33 and had previously closed at $136.03.
SPDR S&P Aerospace & Defense ETF Price Performance
The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The business’s fifty day simple moving average is $137.03 and its 200 day simple moving average is $131.01.
Hedge Funds Weigh In On SPDR S&P Aerospace & Defense ETF
Hedge funds have recently added to or reduced their stakes in the business. Powell Investment Advisors LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $237,000. VCI Wealth Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth about $692,000. Raymond James & Associates boosted its position in SPDR S&P Aerospace & Defense ETF by 12.3% during the 4th quarter. Raymond James & Associates now owns 83,251 shares of the company’s stock worth $11,274,000 after acquiring an additional 9,148 shares during the period. Custom Index Systems LLC purchased a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at about $392,000. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 4.0% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,324 shares of the company’s stock valued at $315,000 after purchasing an additional 90 shares during the period.
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.
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