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

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

Institutional Trading of SPDR S&P Aerospace & Defense ETF

Several institutional investors and hedge funds have recently made changes to their positions in XAR. Turtle Creek Wealth Advisors LLC bought a new stake in shares of SPDR S&P Aerospace & Defense ETF in the 1st quarter valued at about $28,000. Timbuktu Capital Management LLC acquired a new stake in SPDR S&P Aerospace & Defense ETF in the second quarter worth about $28,000. Glenmede Trust Co. NA acquired a new stake in SPDR S&P Aerospace & Defense ETF in the 1st quarter worth approximately $30,000. Strive Financial Group LLC acquired a new position in shares of SPDR S&P Aerospace & Defense ETF in the 4th quarter valued at $30,000. Finally, Darwin Wealth Management LLC purchased a new stake in SPDR S&P Aerospace & Defense ETF during the 2nd quarter valued at about $43,000.

SPDR S&P Aerospace & Defense ETF Stock Up 0.7%

XAR opened at $266.65 on Thursday. The stock’s fifty day moving average is $276.10 and its two-hundred day moving average is $272.70. The company has a market capitalization of $6.03 billion, a P/E 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.

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.