SPDR S&P Transportation ETF (NYSEARCA:XTN) Stock Falls 1.2% – Here’s Why

SPDR S&P Transportation ETF (NYSEARCA:XTN – Get Free Report) fell 1.2% during mid-day trading on Monday. The company traded as low as $96.61 and last traded at $96.61. Approximately 20,192 shares traded hands during trading, a decline of 71% from the average session volume of 70,568 shares. The stock had previously closed at $97.76.

SPDR S&P Transportation ETF Stock Down 1.2%

The company has a 50 day moving average of $103.00 and a 200 day moving average of $107.36. The firm has a market cap of $285.00 million, a price-to-earnings ratio of 16.16 and a beta of 1.40.

Institutional Trading of SPDR S&P Transportation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in XTN. SHP Wealth Management bought a new position in SPDR S&P Transportation ETF during the 4th quarter worth approximately $35,000. TD Waterhouse Canada Inc. increased its holdings in shares of SPDR S&P Transportation ETF by 367.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 318 shares of the company’s stock valued at $37,000 after acquiring an additional 250 shares during the last quarter. Access Investment Management LLC acquired a new stake in shares of SPDR S&P Transportation ETF during the first quarter worth $74,000. Western Wealth Management LLC acquired a new stake in SPDR S&P Transportation ETF during the first quarter worth about $105,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SPDR S&P Transportation ETF by 373.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,112 shares of the company’s stock worth $109,000 after purchasing an additional 877 shares during the last quarter.

SPDR S&P Transportation ETF Company Profile

(Get Free Report)

The SPDR S&P Transportation ETF (XTN) is an exchange-traded fund that is based on the S&P Transportation Select Industry index. The fund tracks a broad-based, equal-weighted index of US stocks in the transportation industry. XTN was launched on Jan 26, 2011 and is managed by State Street.

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