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

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) saw an uptick in trading volume on Tuesday . 36,940 shares changed hands during 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 Trading Up 1.3 %

The company has a market capitalization of $2.14 billion, a PE ratio of 30.33 and a beta of 0.85. The business’s 50-day simple moving average is $143.16 and its 200-day simple moving average is $138.97.

Institutional Investors Weigh In On SPDR S&P Aerospace & Defense ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XAR. Strategic Financial Concepts LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 2,746.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 85,674 shares of the company’s stock valued at $120,000 after acquiring an additional 82,664 shares during the period. Atlas Financial Advisors Inc. grew its stake in SPDR S&P Aerospace & Defense ETF by 10.3% in the 2nd quarter. Atlas Financial Advisors Inc. now owns 3,060 shares of the company’s stock valued at $428,000 after acquiring an additional 286 shares during the period. National Bank of Canada FI grew its stake in SPDR S&P Aerospace & Defense ETF by 9.5% in the 2nd quarter. National Bank of Canada FI now owns 818 shares of the company’s stock valued at $114,000 after acquiring an additional 71 shares during the period. Beacon Bridge Wealth Partners LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 17.7% in the 2nd quarter. Beacon Bridge Wealth Partners LLC now owns 2,948 shares of the company’s stock valued at $413,000 after acquiring an additional 444 shares during the period. Finally, Retireful LLC grew its stake in SPDR S&P Aerospace & Defense ETF by 40.2% in the 2nd quarter. Retireful LLC now owns 13,025 shares of the company’s stock valued at $1,823,000 after acquiring an additional 3,737 shares during the period.

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.