SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Hits New 52-Week High – Time to Buy?

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)’s share price reached a new 52-week high on Monday . The company traded as high as $201.26 and last traded at $200.90, with a volume of 19345 shares traded. The stock had previously closed at $198.33.

SPDR S&P Aerospace & Defense ETF Stock Performance

The business has a 50-day simple moving average of $175.94 and a two-hundred day simple moving average of $171.01. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 34.73 and a beta of 1.07.

Hedge Funds Weigh In On SPDR S&P Aerospace & Defense ETF

Hedge funds have recently bought and sold shares of the company. Apollon Wealth Management LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $268,000. Wilmington Savings Fund Society FSB acquired a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter valued at $50,000. Kestra Private Wealth Services LLC lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 4.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 2,719 shares of the company’s stock worth $451,000 after purchasing an additional 104 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its stake in shares of SPDR S&P Aerospace & Defense ETF by 33.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 509 shares of the company’s stock worth $84,000 after purchasing an additional 129 shares in the last quarter. Finally, Focus Financial Network Inc. raised its position in shares of SPDR S&P Aerospace & Defense ETF by 2.6% in the 4th quarter. Focus Financial Network Inc. now owns 2,434 shares of the company’s stock valued at $404,000 after purchasing an additional 62 shares in 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.