Aerospace & Defense ETF (XAR) Hits New 52-Week High

Group 1 - The SPDR S&P Aerospace & Defense ETF (XAR) has reached a 52-week high and is up 58.9% from its 52-week low price of $137.09 per share [1] - The S&P Aerospace & Defense Select Industry Index represents the aerospace and defense sub-industry within the S&P Total Stock Market Index, which tracks all U.S. common stocks listed on major exchanges [1] - The fund charges an annual fee of 35 basis points [1] Group 2 - The aerospace and defense sector is experiencing increased attention due to a complicated geopolitical landscape and rising defense spending by global economies [2] - Europe is enhancing its military capabilities and significantly increasing defense spending to reduce reliance on the United States, positively impacting the fund [2] - Escalating geopolitical tensions in Asia are also expected to boost the fund's prospects [2] Group 3 - XAR currently holds a Zacks ETF Rank 2 (Buy) with a medium risk outlook, indicating potential for continued strong performance [3] - The fund has a positive weighted alpha of 56.91, suggesting further rally potential [3]