SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Hits New 1-Year High – Time to Buy?

Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) hit a new 52-week high on Friday . The company traded as high as $165.92 and last traded at $165.92, with a volume of 8563 shares changing hands. The stock had previously closed at $162.86.

SPDR S&P Aerospace & Defense ETF Stock Performance

The stock has a fifty day simple moving average of $156.98 and a two-hundred day simple moving average of $148.43. The stock has a market cap of $2.53 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

Several hedge funds have recently modified their holdings of the company. EP Wealth Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $126,000. Optimum Investment Advisors lifted its holdings in SPDR S&P Aerospace & Defense ETF by 14.9% during 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 period. Rappaport Reiches Capital Management LLC lifted 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 buying an additional 182 shares during the period. 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 during the period. Finally, Cetera Advisors LLC lifted its holdings in 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 worth $3,575,000 after buying an additional 10,979 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.