SPDR S&P Transportation ETF (NYSEARCA:XTN) Stock Price Down 3.6% – Here’s Why

Shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) fell 3.6% during trading on Monday . The company traded as low as $100.04 and last traded at $100.29. 23,901 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 63,497 shares. The stock had previously closed at $104.04.

SPDR S&P Transportation ETF Stock Performance

The company has a market cap of $281.81 million, a price-to-earnings ratio of 16.16 and a beta of 1.41. The business’s 50 day moving average price is $97.88 and its 200-day moving average price is $89.81.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

Several large investors have recently made changes to their positions in the company. First Growth Capital LLC bought a new position in shares of SPDR S&P Transportation ETF in the fourth quarter valued at approximately $363,000. Perryman Financial Advisory Inc. AD bought a new position in shares of SPDR S&P Transportation ETF in the fourth quarter worth about $224,000. Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Transportation ETF during the fourth quarter worth approximately $209,000. Stifel Financial Corp grew its stake in shares of SPDR S&P Transportation ETF by 1.8% during the fourth quarter. Stifel Financial Corp now owns 17,296 shares of the company’s stock valued at $1,580,000 after purchasing an additional 302 shares during the last quarter. Finally, Hamilton Point Investment Advisors LLC acquired a new stake in shares of SPDR S&P Transportation ETF in the fourth quarter valued at approximately $212,000.

SPDR S&P Transportation ETF Company Profile

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.