Traders Purchase High Volume of Put Options on SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR)

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the recipient of some unusual options trading on Monday. Traders bought 6,416 put options on the stock. This is an increase of 818% compared to the average daily volume of 699 put options.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of NYSEARCA:XAR traded down $0.63 during trading on Monday, reaching $223.90. The company had a trading volume of 228,196 shares, compared to its average volume of 277,652. The firm has a market capitalization of $5.34 billion, a price-to-earnings ratio of 35.83 and a beta of 1.03. The stock’s fifty day moving average price is $251.00 and its 200 day moving average price is $264.10. SPDR S&P Aerospace & Defense ETF has a fifty-two week low of $215.02 and a fifty-two week high of $297.79.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Advocacy Wealth Management LLC acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 2nd quarter worth $458,273,000. Bank of America Corp DE boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 5.6% in the first quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock valued at $215,558,000 after acquiring an additional 45,281 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 0.3% in the third quarter. Howard Capital Management Group LLC now owns 185,014 shares of the company’s stock valued at $42,784,000 after acquiring an additional 606 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of SPDR S&P Aerospace & Defense ETF by 19.2% in the first quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock valued at $43,976,000 after acquiring an additional 27,883 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of SPDR S&P Aerospace & Defense ETF by 8.9% during the first quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock worth $35,602,000 after acquiring an additional 11,459 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.