SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Reaches 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 stock traded as high as $178.17 and last traded at $177.26, with a volume of 29203 shares trading hands. The stock had previously closed at $172.65.

SPDR S&P Aerospace & Defense ETF Trading Down 0.9 %

The stock’s fifty day simple moving average is $169.55 and its 200 day simple moving average is $159.08. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

Institutional Trading of SPDR S&P Aerospace & Defense ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mayflower Financial Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at about $349,000. Stapp Wealth Management Pllc raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 3.3% in the 4th quarter. Stapp Wealth Management Pllc now owns 5,948 shares of the company’s stock valued at $986,000 after acquiring an additional 191 shares during the period. Kingswood Wealth Advisors LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 12.5% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 1,992 shares of the company’s stock valued at $330,000 after acquiring an additional 221 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 6.5% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 5,264 shares of the company’s stock worth $873,000 after purchasing an additional 322 shares during the period. Finally, Rappaport Reiches Capital Management LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 12.0% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 5,760 shares of the company’s stock valued at $955,000 after purchasing an additional 619 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.