SPDR S&P Transportation ETF (NYSEARCA:XTN) Stock Falls 1.2% – Here’s Why

SPDR S&P Transportation ETF (NYSEARCA:XTN) dropped 1.2% during mid-day trading on Monday. The stock traded as low as $96.61 and last traded at $96.61. 20,192 shares traded 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 Trading Down 1.2%

The stock’s 50-day moving average is $103.00 and its 200-day moving average is $107.36. The stock has a market cap of $285.00 million, a P/E ratio of 16.16 and a beta of 1.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of XTN. TD Waterhouse Canada Inc. grew its stake in shares of SPDR S&P Transportation ETF by 367.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 318 shares of the company’s stock worth $37,000 after purchasing an additional 250 shares during the last quarter. SHP Wealth Management acquired a new stake in shares of SPDR S&P Transportation ETF in the fourth quarter worth $35,000. Access Investment Management LLC acquired a new position in shares of SPDR S&P Transportation ETF in the 1st quarter valued at about $74,000. Farther Finance Advisors LLC increased its stake in SPDR S&P Transportation ETF by 373.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,112 shares of the company’s stock valued at $109,000 after buying an additional 877 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in SPDR S&P Transportation ETF during the first quarter valued at $105,000.

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.