SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Hits New 12-Month High – Time to Buy?

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

SPDR S&P Aerospace & Defense ETF Trading Up 1.9 %

The company has a market cap of $2.49 billion, a P/E ratio of 30.33 and a beta of 0.85. The firm has a 50-day moving average of $156.72 and a 200 day moving average of $148.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. LPL Financial LLC increased its position in shares of 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 worth $149,172,000 after acquiring an additional 28,069 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 8.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock valued at $47,029,000 after purchasing an additional 25,649 shares during the last quarter. Wulff Hansen & CO. bought a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth approximately $41,479,000. Howard Capital Management Group LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 21.1% during the 3rd quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock worth $28,238,000 after purchasing an additional 31,277 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 20.7% in the third quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock worth $22,414,000 after purchasing an additional 24,404 shares during 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.