SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR – Get Free Report) saw strong trading volume on Tuesday . 119,914 shares traded hands during mid-day trading, an increase of 64% from the previous session’s volume of 73,069 shares.The stock last traded at $157.99 and had previously closed at $157.34.
SPDR S&P Aerospace & Defense ETF Stock Up 1.2 %
The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The stock has a 50-day moving average price of $150.74 and a 200 day moving average price of $143.86.
Institutional Trading of SPDR S&P Aerospace & Defense ETF
A number of institutional investors have recently added to or reduced their stakes in XAR. Advisory Services Network LLC grew its holdings in SPDR S&P Aerospace & Defense ETF by 4.7% in the 4th quarter. Advisory Services Network LLC now owns 2,932 shares of the company’s stock valued at $397,000 after buying an additional 132 shares during the period. Stifel Financial Corp grew its stake in SPDR S&P Aerospace & Defense ETF by 13.2% during the 4th quarter. Stifel Financial Corp now owns 43,171 shares of the company’s stock valued at $5,848,000 after purchasing an additional 5,049 shares in the last quarter. Beacon Bridge Wealth Partners LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth approximately $350,000. Oppenheimer & Co. Inc. raised its position in shares of SPDR S&P Aerospace & Defense ETF by 253.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 11,447 shares of the company’s stock valued at $1,550,000 after purchasing an additional 8,210 shares in the last quarter. Finally, Per Stirling Capital Management LLC. bought a new position in SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $205,000.
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.
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