Element Pointe Advisors LLC Makes New $20.83 Million Investment in SPDR S&P Transportation ETF $XTN

Element Pointe Advisors LLC acquired a new stake in SPDR S&P Transportation ETF (NYSEARCA:XTN) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 223,948 shares of the company’s stock, valued at approximately $20,827,000. SPDR S&P Transportation ETF makes up about 3.9% of Element Pointe Advisors LLC’s portfolio, making the stock its 6th largest holding. Element Pointe Advisors LLC owned approximately 0.11% of SPDR S&P Transportation ETF at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its holdings in shares of SPDR S&P Transportation ETF by 3.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 4,737 shares of the company’s stock worth $433,000 after purchasing an additional 169 shares in the last quarter. JPMorgan Chase & Co. raised its stake in SPDR S&P Transportation ETF by 41.5% in the third quarter. JPMorgan Chase & Co. now owns 634 shares of the company’s stock valued at $53,000 after purchasing an additional 186 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in SPDR S&P Transportation ETF by 48.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 691 shares of the company’s stock valued at $63,000 after purchasing an additional 226 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in SPDR S&P Transportation ETF by 98.8% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 517 shares of the company’s stock worth $47,000 after purchasing an additional 257 shares during the period. Finally, Jane Street Group LLC lifted its position in SPDR S&P Transportation ETF by 6.1% during the second quarter. Jane Street Group LLC now owns 5,041 shares of the company’s stock worth $406,000 after purchasing an additional 291 shares during the period.

SPDR S&P Transportation ETF Stock Down 0.6%

Shares of SPDR S&P Transportation ETF stock opened at $115.46 on Tuesday. The company has a market capitalization of $409.88 million, a price-to-earnings ratio of 16.16 and a beta of 1.36. SPDR S&P Transportation ETF has a 12-month low of $79.18 and a 12-month high of $120.89. The firm’s 50-day moving average price is $111.93 and its two-hundred day moving average price is $103.69.

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.