SPDR S&P Transportation ETF (NYSEARCA:XTN) Trading 0.3% Higher – Should You Buy?

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

SPDR S&P Transportation ETF Stock Up 0.3 %

The firm has a market cap of $207.87 million, a P/E ratio of 11.07 and a beta of 1.27. The firm’s 50-day simple moving average is $82.52 and its 200 day simple moving average is $79.33.

Institutional Trading of SPDR S&P Transportation ETF

Several hedge funds have recently made changes to their positions in XTN. M3 Advisory Group LLC raised its holdings in SPDR S&P Transportation ETF by 4.0% during the 2nd quarter. M3 Advisory Group LLC now owns 5,451 shares of the company’s stock valued at $426,000 after acquiring an additional 210 shares during the period. Mather Group LLC. bought a new stake in shares of SPDR S&P Transportation ETF during the 2nd quarter valued at $32,000. International Assets Investment Management LLC purchased a new stake in SPDR S&P Transportation ETF during the 2nd quarter worth about $31,000. Ashton Thomas Private Wealth LLC bought a new position in SPDR S&P Transportation ETF in the 2nd quarter worth about $38,000. Finally, Genesee Capital Advisors LLC grew its holdings in SPDR S&P Transportation ETF by 4.0% during the 2nd quarter. Genesee Capital Advisors LLC now owns 16,882 shares of the company’s stock valued at $1,320,000 after buying an additional 650 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.