SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Reaches New 12-Month Low – Here’s Why

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)’s stock price hit a new 52-week low on Thursday. The company traded as low as $214.91 and last traded at $215.9590, with a volume of 182,767 shares traded. The stock had previously closed at $222.64.

SPDR S&P Aerospace & Defense ETF Price Performance

The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 35.83 and a beta of 1.03. The business’s 50 day simple moving average is $246.89 and its 200 day simple moving average is $263.36.

Hedge Funds 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 the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 1st quarter valued at approximately $28,000. Timbuktu Capital Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $28,000. Glenmede Trust Co. NA purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at approximately $30,000. Mather Group LLC. acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the third quarter valued at approximately $39,000. Finally, Investors Research Corp increased its holdings in shares of SPDR S&P Aerospace & Defense ETF by 105.0% in the second quarter. Investors Research Corp now owns 164 shares of the company’s stock valued at $47,000 after purchasing an additional 84 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.