SPDR S&P Aerospace & Defense ETF (NYSEARCA:XAR) Hits New 12-Month Low – Should You Sell?

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 traded. The stock had previously closed at $222.64.

SPDR S&P Aerospace & Defense ETF Stock Down 0.2%

The business’s 50-day simple moving average is $243.83 and its 200 day simple moving average is $262.75. The firm has a market capitalization of $4.89 billion, a P/E ratio of 35.83 and a beta of 1.03.

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

A number of institutional investors have recently made changes to their positions in the business. Purewater Capital LLC grew its stake in shares of SPDR S&P Aerospace & Defense ETF by 1.9% in the third quarter. Purewater Capital LLC now owns 9,479 shares of the company’s stock worth $2,192,000 after acquiring an additional 178 shares during the last quarter. Valley National Advisers Inc. bought a new position in shares of SPDR S&P Aerospace & Defense ETF during the third quarter valued at $145,000. McGuire Investment Group LLC raised its position in shares of SPDR S&P Aerospace & Defense ETF by 2.0% in the 3rd quarter. McGuire Investment Group LLC now owns 20,388 shares of the company’s stock worth $4,715,000 after purchasing an additional 393 shares during the last quarter. Citizens Financial Group Inc. RI purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth about $6,632,000. Finally, Madrona Financial Services LLC purchased a new position in shares of SPDR S&P Aerospace & Defense ETF in the 3rd quarter worth about $6,760,000.

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.