Spirit MTA REIT (NYSE:SMTA) Sees Unusually-High Trading Volume

Shares of Spirit MTA REIT (NYSE:SMTA) saw an uptick in trading volume on Thursday . 1,034,700 shares changed hands during mid-day trading, an increase of 190% from the previous session’s volume of 356,491 shares.The stock last traded at $8.49 and had previously closed at $8.46.

The stock’s 50-day simple moving average is $8.47 and its 200-day simple moving average is $7.85.

A number of hedge funds have recently modified their holdings of the business. Bank of Montreal Can grew its position in shares of Spirit MTA REIT by 1,355.0% during the 2nd quarter. Bank of Montreal Can now owns 3,652 shares of the company’s stock valued at $30,000 after acquiring an additional 3,401 shares during the period. Aperio Group LLC bought a new position in shares of Spirit MTA REIT during the 2nd quarter valued at approximately $37,000. BNP Paribas Arbitrage SA grew its position in shares of Spirit MTA REIT by 157.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 9,415 shares of the company’s stock valued at $61,000 after acquiring an additional 5,757 shares during the period. Arlington Partners LLC bought a new position in shares of Spirit MTA REIT during the 2nd quarter valued at approximately $68,000. Finally, SG Americas Securities LLC bought a new position in shares of Spirit MTA REIT during the 1st quarter valued at approximately $100,000. 79.14% of the stock is owned by institutional investors and hedge funds.

About Spirit MTA REIT (NYSE:SMTA)

Spirit MTA REIT (NYSE: SMTA) is a net-lease REIT headquartered in Dallas, Texas. SMTA owns one of the largest, most diversified and seasoned commercial real estate backed master funding vehicles. SMTA is managed by Spirit Realty, L.P., a wholly-owned subsidiary of Spirit (NYSE: SRC), one of the largest publicly traded triple net-lease REITs.

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