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

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

SPDR S&P Aerospace & Defense ETF Price Performance

The stock has a market capitalization of $2.61 billion, a PE ratio of 30.33 and a beta of 0.85. The company has a 50 day moving average price of $161.72 and a 200-day moving average price of $151.34.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

Several institutional investors and hedge funds have recently bought and sold shares of XAR. LPL Financial LLC grew its position in shares of SPDR S&P Aerospace & Defense ETF by 2.7% in the 2nd quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock worth $149,172,000 after buying an additional 28,069 shares during the period. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Aerospace & Defense ETF by 8.3% during the second quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock worth $47,029,000 after acquiring an additional 25,649 shares in the last quarter. Wulff Hansen & CO. purchased a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter worth about $41,479,000. Howard Capital Management Group LLC increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 21.1% during the third quarter. Howard Capital Management Group LLC now owns 179,472 shares of the company’s stock valued at $28,238,000 after purchasing an additional 31,277 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 20.7% during the third quarter. PNC Financial Services Group Inc. now owns 142,454 shares of the company’s stock valued at $22,414,000 after purchasing an additional 24,404 shares during the last quarter.

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.