SPDR S&P Transportation ETF (NYSEARCA:XTN) Trading 1.3% Higher – What’s Next?

Shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) shot up 1.3% during mid-day trading on Monday . The company traded as high as $76.16 and last traded at $75.88. 21,233 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 22,996 shares. The stock had previously closed at $74.94.

SPDR S&P Transportation ETF Stock Performance

The business has a fifty day simple moving average of $86.00 and a 200 day simple moving average of $85.85. The stock has a market cap of $172.25 million, a price-to-earnings ratio of 17.52 and a beta of 1.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XTN. Jane Street Group LLC purchased a new position in shares of SPDR S&P Transportation ETF during the 3rd quarter worth $439,000. Flow Traders U.S. LLC acquired a new position in SPDR S&P Transportation ETF in the third quarter valued at $362,000. J.W. Cole Advisors Inc. purchased a new position in SPDR S&P Transportation ETF during the fourth quarter worth about $208,000. Genesee Capital Advisors LLC boosted its stake in SPDR S&P Transportation ETF by 12.2% in the 4th quarter. Genesee Capital Advisors LLC now owns 20,606 shares of the company’s stock worth $1,786,000 after buying an additional 2,246 shares during the last quarter. Finally, Sovran Advisors LLC purchased a new stake in SPDR S&P Transportation ETF in the 4th quarter valued at about $362,000.

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.