SPDR S&P Transportation ETF (NYSEARCA:XTN) Trading Up 1%

SPDR S&P Transportation ETF (NYSEARCA:XTN)’s share price traded up 1% during mid-day trading on Monday . The company traded as high as $78.31 and last traded at $78.31. 3,700 shares traded hands during trading, a decline of 77% from the average session volume of 15,977 shares. The stock had previously closed at $77.53.

SPDR S&P Transportation ETF Stock Up 1.0 %

The firm’s 50 day simple moving average is $77.77 and its two-hundred day simple moving average is $79.06. The stock has a market capitalization of $175.41 million, a P/E ratio of 11.07 and a beta of 1.27.

Hedge Funds Weigh In On SPDR S&P Transportation ETF

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in SPDR S&P Transportation ETF during the 4th quarter valued at about $2,774,000. Focus Financial Network Inc. ADV bought a new position in SPDR S&P Transportation ETF during the 4th quarter valued at $214,000. M3 Advisory Group LLC purchased a new position in SPDR S&P Transportation ETF during the 4th quarter worth $407,000. Cadent Capital Advisors LLC grew its stake in shares of SPDR S&P Transportation ETF by 28.9% in the 1st quarter. Cadent Capital Advisors LLC now owns 5,406 shares of the company’s stock worth $458,000 after acquiring an additional 1,211 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the first quarter valued at about $1,722,000.

About SPDR S&P Transportation ETF

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.