SPDR S&P Transportation ETF (NYSEARCA:XTN – Get Free Report) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $100.82 and traded as low as $100.65. SPDR S&P Transportation ETF shares last traded at $100.70, with a volume of 56,149 shares.
SPDR S&P Transportation ETF Trading Down 0.5%
The stock has a market capitalization of $218.52 million, a PE ratio of 16.16 and a beta of 1.42. The company’s 50-day moving average is $100.82 and its 200 day moving average is $104.31.
Hedge Funds Weigh In On SPDR S&P Transportation ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Element Pointe Advisors LLC lifted its position in SPDR S&P Transportation ETF by 22.0% during the 3rd quarter. Element Pointe Advisors LLC now owns 290,024 shares of the company’s stock worth $28,399,000 after acquiring an additional 52,240 shares during the period. JNBA Financial Advisors purchased a new stake in SPDR S&P Transportation ETF during the 2nd quarter valued at about $7,197,000. Bank of America Corp DE increased its holdings in shares of SPDR S&P Transportation ETF by 17.3% in the first quarter. Bank of America Corp DE now owns 27,835 shares of the company’s stock valued at $2,589,000 after purchasing an additional 4,099 shares during the period. Royal Bank of Canada increased its holdings in shares of SPDR S&P Transportation ETF by 53.8% in the first quarter. Royal Bank of Canada now owns 22,117 shares of the company’s stock valued at $2,056,000 after purchasing an additional 7,734 shares during the period. Finally, Cetera Investment Advisers increased its holdings in shares of SPDR S&P Transportation ETF by 418.4% in the first quarter. Cetera Investment Advisers now owns 19,963 shares of the company’s stock valued at $1,857,000 after purchasing an additional 16,112 shares during the period.
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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