BAE Systems plc (OTCMKTS:BAESF – Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $26.46 and traded as high as $29.07. BAE Systems shares last traded at $28.1503, with a volume of 13,462 shares.
BAE Systems Stock Down 1.4%
The company’s fifty day simple moving average is $29.60 and its 200-day simple moving average is $26.46.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in BAE Systems stock. Saranac Partners Ltd purchased a new stake in shares of BAE Systems plc (OTCMKTS:BAESF – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems makes up 1.3% of Saranac Partners Ltd’s investment portfolio, making the stock its 17th biggest holding. 40.72% of the stock is owned by institutional investors.
About BAE Systems
BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.
In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.
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