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

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) reached a new 52-week high during trading on Friday . The stock traded as high as $297.79 and last traded at $293.79, with a volume of 25983 shares changing hands. The stock had previously closed at $292.10.

SPDR S&P Aerospace & Defense ETF Stock Up 1.1%

The stock has a market cap of $6.68 billion, a P/E ratio of 35.83 and a beta of 1.01. The business’s 50-day simple moving average is $275.92 and its two-hundred day simple moving average is $272.44.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the first quarter worth $28,000. Glenmede Trust Co. NA bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at $30,000. Strive Financial Group LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 4th quarter valued at $30,000. Darwin Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $43,000. Finally, Key Financial Inc purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 4th quarter worth about $50,000.

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.