SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) saw an uptick in trading volume on Monday . 102,567 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 87,132 shares.The stock last traded at $159.32 and had previously closed at $159.38.

SPDR S&P Aerospace & Defense ETF Stock Up 0.3 %

The company has a market cap of $2.40 billion, a price-to-earnings ratio of 30.33 and a beta of 0.85. The business has a fifty day simple moving average of $155.73 and a 200 day simple moving average of $146.79.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Meitav Investment House Ltd. increased its position in shares of SPDR S&P Aerospace & Defense ETF by 11.1% in the third quarter. Meitav Investment House Ltd. now owns 30,039 shares of the company’s stock valued at $4,686,000 after buying an additional 3,005 shares in the last quarter. Financial Advocates Investment Management grew its stake in SPDR S&P Aerospace & Defense ETF by 228.9% in the 3rd quarter. Financial Advocates Investment Management now owns 6,117 shares of the company’s stock valued at $962,000 after acquiring an additional 4,257 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in SPDR S&P Aerospace & Defense ETF by 10.7% during the 3rd quarter. Gateway Wealth Partners LLC now owns 1,847 shares of the company’s stock valued at $291,000 after acquiring an additional 179 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in SPDR S&P Aerospace & Defense ETF during the third quarter worth about $1,854,000. Finally, Private Advisor Group LLC lifted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 17.1% in the third quarter. Private Advisor Group LLC now owns 19,244 shares of the company’s stock valued at $3,028,000 after purchasing an additional 2,814 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.