SPDR S&P Transportation ETF (NYSEARCA:XTN) Shares Up 1.3% – Still a Buy?

SPDR S&P Transportation ETF (NYSEARCA:XTN)’s share price shot up 1.3% on Monday . The company traded as high as $76.16 and last traded at $75.88. 21,233 shares traded 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 Up 1.1 %

The stock has a 50 day simple moving average of $85.72 and a 200 day simple moving average of $85.82. The company has a market cap of $171.48 million, a price-to-earnings ratio of 17.52 and a beta of 1.36.

Institutional Investors Weigh In On SPDR S&P Transportation ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the third quarter worth about $439,000. Flow Traders U.S. LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the third quarter worth about $362,000. Jones Financial Companies Lllp boosted its position in shares of SPDR S&P Transportation ETF by 93.0% in the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the company’s stock worth $36,000 after buying an additional 199 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of SPDR S&P Transportation ETF in the fourth quarter worth about $208,000. Finally, Genesee Capital Advisors LLC boosted its position in shares of SPDR S&P Transportation ETF by 12.2% in the fourth 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 period.

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.