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

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

SPDR S&P Aerospace & Defense ETF Stock Performance

The company has a market cap of $4.90 billion, a PE ratio of 35.83 and a beta of 1.03. The stock’s 50-day simple moving average is $246.89 and its 200 day simple moving average is $263.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Timbuktu Capital Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $28,000. Glenmede Trust Co. NA purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the 1st quarter worth approximately $30,000. Investors Research Corp raised its stake in shares of SPDR S&P Aerospace & Defense ETF by 105.0% during the 2nd quarter. Investors Research Corp now owns 164 shares of the company’s stock worth $47,000 after buying an additional 84 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter valued at approximately $39,000.

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.