SPDR S&P Transportation ETF (NYSEARCA:XTN) Trading Up 0.3% – Here’s Why

SPDR S&P Transportation ETF (NYSEARCA:XTN) shares traded up 0.3% during trading on Wednesday . The company traded as high as $93.70 and last traded at $92.80. 82,963 shares were traded during mid-day trading, an increase of 359% from the average session volume of 18,082 shares. The stock had previously closed at $92.48.

SPDR S&P Transportation ETF Stock Performance

The company has a market capitalization of $207.42 million, a PE ratio of 11.07 and a beta of 1.27. The company has a 50 day moving average price of $82.82 and a 200 day moving average price of $79.43.

Hedge Funds Weigh In On SPDR S&P Transportation ETF

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in SPDR S&P Transportation ETF during the second quarter worth approximately $31,000. Mather Group LLC. acquired a new stake in SPDR S&P Transportation ETF during the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new stake in SPDR S&P Transportation ETF in the 2nd quarter worth about $38,000. CX Institutional purchased a new stake in shares of SPDR S&P Transportation ETF in the third quarter worth approximately $267,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of SPDR S&P Transportation ETF during the 3rd quarter valued at $362,000.

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.