SPDR S&P Transportation ETF (NYSEARCA:XTN) Shares Up 0.3% – What’s Next?

SPDR S&P Transportation ETF (NYSEARCA:XTN)’s share price rose 0.3% during mid-day trading on Wednesday . The stock traded as high as $93.70 and last traded at $92.80. Approximately 82,963 shares traded hands during trading, an increase of 359% from the average daily volume of 18,082 shares. The stock had previously closed at $92.48.

SPDR S&P Transportation ETF Stock Up 0.3 %

The stock has a market capitalization of $207.87 million, a price-to-earnings ratio of 11.07 and a beta of 1.27. The company’s fifty day simple moving average is $82.52 and its 200 day simple moving average is $79.33.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in SPDR S&P Transportation ETF in the 2nd quarter valued at $31,000. Mather Group LLC. bought a new stake in shares of SPDR S&P Transportation ETF in the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of SPDR S&P Transportation ETF in the second quarter valued at about $38,000. CX Institutional bought a new position in SPDR S&P Transportation ETF during the third quarter worth about $267,000. Finally, M3 Advisory Group LLC raised its stake in SPDR S&P Transportation ETF by 4.0% in the 2nd quarter. M3 Advisory Group LLC now owns 5,451 shares of the company’s stock worth $426,000 after purchasing an additional 210 shares in the last quarter.

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.