SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sets New 12-Month High at $154.73

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $154.73 and last traded at $154.70, with a volume of 14716 shares trading hands. The stock had previously closed at $152.67.

SPDR S&P Aerospace & Defense ETF Trading Up 1.1 %

The company has a market cap of $2.33 billion, a PE ratio of 30.33 and a beta of 0.85. The stock has a 50 day moving average price of $146.07 and a 200 day moving average price of $141.27.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XAR. LPL Financial LLC raised its stake in SPDR S&P Aerospace & Defense ETF by 2.7% during the second quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock valued at $149,172,000 after buying an additional 28,069 shares during the last quarter. Scarborough Advisors LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter worth about $67,233,000. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock worth $47,029,000 after purchasing an additional 25,649 shares in the last quarter. Wulff Hansen & CO. purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $41,479,000. Finally, Howard Capital Management Group LLC increased its stake in SPDR S&P Aerospace & Defense ETF by 14.3% during the 2nd quarter. Howard Capital Management Group LLC now owns 148,195 shares of the company’s stock valued at $20,744,000 after purchasing an additional 18,545 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.