SPDR S&P Aerospace & Defense ETF Sees Unusually High Options Volume (NYSEARCA:XAR)

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the target of some unusual options trading on Wednesday. Traders acquired 5,000 put options on the stock. This is an increase of 6,310% compared to the typical volume of 78 put options.

SPDR S&P Aerospace & Defense ETF Price Performance

Shares of XAR traded up $2.34 during mid-day trading on Wednesday, reaching $267.19. 57,017 shares of the company’s stock were exchanged, compared to its average volume of 261,398. The business’s fifty day simple moving average is $276.48 and its 200-day simple moving average is $272.65. The stock has a market capitalization of $6.04 billion, a PE ratio of 35.83 and a beta of 1.01. SPDR S&P Aerospace & Defense ETF has a 52-week low of $211.80 and a 52-week high of $297.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of XAR. Advocacy Wealth Management LLC acquired a new position in SPDR S&P Aerospace & Defense ETF in the second quarter valued at $458,273,000. Corient Private Wealth LLC boosted its stake in shares of SPDR S&P Aerospace & Defense ETF by 2,023.8% during the fourth quarter. Corient Private Wealth LLC now owns 513,629 shares of the company’s stock worth $123,908,000 after buying an additional 489,444 shares during the period. Piedmont Capital Management LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF during the second quarter worth about $26,305,000. BNP Paribas Financial Markets grew its holdings in shares of SPDR S&P Aerospace & Defense ETF by 174.4% during the third quarter. BNP Paribas Financial Markets now owns 122,530 shares of the company’s stock worth $28,790,000 after buying an additional 77,870 shares during the last quarter. Finally, Rinkey Investments acquired a new position in SPDR S&P Aerospace & Defense ETF in the 2nd quarter valued at about $20,186,000.

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.