SPDR S&P Transportation ETF (NYSEARCA:XTN – Get Free Report) shares dropped 1.2% on Monday. The company traded as low as $96.61 and last traded at $96.61. 20,192 shares changed hands during trading, a decline of 71% from the average daily volume of 70,568 shares. The stock had previously closed at $97.76.
SPDR S&P Transportation ETF Price Performance
The firm has a market capitalization of $291.29 million, a PE ratio of 16.16 and a beta of 1.40. The firm’s fifty day moving average is $102.76 and its two-hundred day moving average is $107.38.
Hedge Funds Weigh In On SPDR S&P Transportation ETF
Hedge funds have recently modified their holdings of the company. Element Pointe Advisors LLC boosted its position in SPDR S&P Transportation ETF by 22.0% in the third quarter. Element Pointe Advisors LLC now owns 290,024 shares of the company’s stock worth $28,399,000 after purchasing an additional 52,240 shares during the last quarter. Perryman Financial Advisory Inc. AD purchased a new stake in shares of SPDR S&P Transportation ETF during the 3rd quarter valued at $209,000. Farther Finance Advisors LLC increased its position in shares of SPDR S&P Transportation ETF by 373.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,112 shares of the company’s stock valued at $109,000 after purchasing an additional 877 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of SPDR S&P Transportation ETF during the 2nd quarter valued at $1,231,000. Finally, Corient Private Wealth LP purchased a new stake in shares of SPDR S&P Transportation ETF during the 2nd quarter valued at $978,000.
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.
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