SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Sees Large Volume Increase

Shares of SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) saw unusually-high trading volume on Tuesday . Approximately 119,914 shares were traded during trading, an increase of 64% from the previous session’s volume of 73,069 shares.The stock last traded at $157.99 and had previously closed at $157.34.

SPDR S&P Aerospace & Defense ETF Stock Up 1.2 %

The stock has a market capitalization of $2.39 billion, a P/E ratio of 30.33 and a beta of 0.85. The business’s 50 day simple moving average is $150.74 and its two-hundred day simple moving average is $143.86.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. LPL Financial LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 2.7% in the 2nd quarter. LPL Financial LLC now owns 1,065,669 shares of the company’s stock worth $149,172,000 after buying an additional 28,069 shares during the last quarter. Scarborough Advisors LLC purchased a new position in SPDR S&P Aerospace & Defense ETF in the fourth quarter worth $67,233,000. Envestnet Asset Management Inc. grew its stake in SPDR S&P Aerospace & Defense ETF by 8.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 335,968 shares of the company’s stock valued at $47,029,000 after purchasing an additional 25,649 shares during the period. Wulff Hansen & CO. purchased a new stake in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at $41,479,000. Finally, Howard Capital Management Group LLC raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 14.3% during the 2nd quarter. Howard Capital Management Group LLC now owns 148,195 shares of the company’s stock worth $20,744,000 after purchasing an additional 18,545 shares during the period.

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.