SPDR S&P Transportation ETF (NYSEARCA:XTN) Trading 0.3% Higher – Here’s What Happened

Shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) shot up 0.3% during trading on Monday . The stock traded as high as $115.31 and last traded at $113.83. Approximately 21,647 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 59,633 shares. The stock had previously closed at $113.53.

SPDR S&P Transportation ETF Price Performance

The firm’s fifty day moving average is $108.38 and its two-hundred day moving average is $100.52. The firm has a market capitalization of $224.25 million, a PE ratio of 16.16 and a beta of 1.36.

Hedge Funds Weigh In On SPDR S&P Transportation ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SHP Wealth Management bought a new position in shares of SPDR S&P Transportation ETF in the fourth quarter valued at approximately $35,000. Steward Partners Investment Advisory LLC grew its stake in SPDR S&P Transportation ETF by 98.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock valued at $47,000 after purchasing an additional 257 shares during the period. JPMorgan Chase & Co. increased its position in shares of SPDR S&P Transportation ETF by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock valued at $53,000 after purchasing an additional 186 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of SPDR S&P Transportation ETF by 48.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock worth $63,000 after purchasing an additional 226 shares during the period. Finally, Access Investment Management LLC bought a new stake in shares of SPDR S&P Transportation ETF during the 1st quarter worth $74,000.

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.