SPDR S&P Transportation ETF (NYSEARCA:XTN) Stock Price Down 0.5% – Here’s Why

SPDR S&P Transportation ETF (NYSEARCA:XTN) fell 0.5% during trading on Monday . The stock traded as low as $114.51 and last traded at $114.72. 21,006 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 67,332 shares. The stock had previously closed at $115.27.

SPDR S&P Transportation ETF Stock Performance

The firm has a 50-day moving average price of $110.70 and a 200-day moving average price of $102.88. The stock has a market cap of $404.96 million, a P/E ratio of 16.16 and a beta of 1.36.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Element Pointe Advisors LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the first quarter worth $20,827,000. Ameriprise Financial Inc. lifted its position in SPDR S&P Transportation ETF by 169.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock valued at $5,762,000 after acquiring an additional 44,984 shares in the last quarter. LPL Financial LLC boosted its stake in SPDR S&P Transportation ETF by 12.8% during the 4th quarter. LPL Financial LLC now owns 65,618 shares of the company’s stock valued at $5,995,000 after purchasing an additional 7,469 shares during the last quarter. UBS Group AG increased its holdings in shares of SPDR S&P Transportation ETF by 332.6% in the 4th quarter. UBS Group AG now owns 59,024 shares of the company’s stock worth $5,393,000 after purchasing an additional 45,379 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of SPDR S&P Transportation ETF by 17.3% in the 1st quarter. Bank of America Corp DE now owns 27,835 shares of the company’s stock worth $2,589,000 after purchasing an additional 4,099 shares in the last quarter.

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.