Investors Purchase Large Volume of SPDR S&P Aerospace & Defense ETF Put Options (NYSEARCA:XAR)

SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) was the target of unusually large options trading on Wednesday. Investors purchased 25,001 put options on the stock. This is an increase of 11,862% compared to the typical volume of 209 put options.

SPDR S&P Aerospace & Defense ETF Stock Performance

Shares of NYSEARCA XAR traded down $1.20 during midday trading on Wednesday, reaching $240.31. The stock had a trading volume of 239,085 shares, compared to its average volume of 265,749. The company’s 50 day moving average price is $265.08 and its 200 day moving average price is $268.79. SPDR S&P Aerospace & Defense ETF has a twelve month low of $215.02 and a twelve month high of $297.79. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 35.83 and a beta of 1.01.

Institutional Investors Weigh In On SPDR S&P Aerospace & Defense ETF

Large investors have recently bought and sold shares of the stock. Advocacy Wealth Management LLC bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the 2nd quarter worth about $458,273,000. LPL Financial LLC increased its position in SPDR S&P Aerospace & Defense ETF by 5.6% in the 4th quarter. LPL Financial LLC now owns 1,286,887 shares of the company’s stock valued at $310,449,000 after buying an additional 68,722 shares in the last quarter. Bank of America Corp DE increased its position in SPDR S&P Aerospace & Defense ETF by 5.6% in the 1st quarter. Bank of America Corp DE now owns 848,721 shares of the company’s stock valued at $215,558,000 after buying an additional 45,281 shares in the last quarter. Royal Bank of Canada raised its stake in SPDR S&P Aerospace & Defense ETF by 19.2% during the 1st quarter. Royal Bank of Canada now owns 173,149 shares of the company’s stock worth $43,976,000 after buying an additional 27,883 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in SPDR S&P Aerospace & Defense ETF by 8.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 140,175 shares of the company’s stock worth $35,602,000 after buying 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.