SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sets New 52-Week High – Should You Buy?

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) reached a new 52-week high during trading on Tuesday . The company traded as high as $175.70 and last traded at $174.86, with a volume of 18613 shares changing hands. The stock had previously closed at $172.49.

SPDR S&P Aerospace & Defense ETF Stock Performance

The firm’s fifty day moving average price is $160.85 and its 200 day moving average price is $150.95. The firm has a market cap of $2.63 billion, a P/E ratio of 30.33 and a beta of 0.85.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wulff Hansen & CO. purchased a new stake in SPDR S&P Aerospace & Defense ETF during the second quarter valued at approximately $41,479,000. Strategic Financial Concepts LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 2,746.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 85,674 shares of the company’s stock worth $120,000 after purchasing an additional 82,664 shares in the last quarter. Cetera Investment Advisers grew its stake in SPDR S&P Aerospace & Defense ETF by 278.1% during the 1st quarter. Cetera Investment Advisers now owns 87,630 shares of the company’s stock worth $12,313,000 after buying an additional 64,451 shares during the last quarter. Retirement Planning Group LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $5,559,000. Finally, CoreCap Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter valued at about $5,459,000.

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.