SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sees Unusually-High Trading Volume

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) shares saw an uptick in trading volume on Tuesday . 36,940 shares changed hands during mid-day trading, a decline of 52% from the previous session’s volume of 76,340 shares.The stock last traded at $141.35 and had previously closed at $140.71.

SPDR S&P Aerospace & Defense ETF Stock Up 1.3 %

The stock has a 50 day simple moving average of $143.16 and a 200 day simple moving average of $138.97. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. WASHINGTON TRUST Co acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the first quarter worth approximately $35,000. Geneos Wealth Management Inc. boosted its position in shares of SPDR S&P Aerospace & Defense ETF by 111.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 332 shares of the company’s stock worth $45,000 after buying an additional 175 shares during the period. Solstein Capital LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the first quarter worth approximately $46,000. Mather Group LLC. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth approximately $49,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF during the fourth quarter worth approximately $53,000.

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.