Truist Financial Corp Has $284,000 Stock Position in SPDR S&P Transportation ETF (NYSEARCA:XTN)

Truist Financial Corp boosted its position in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 21.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,395 shares of the company’s stock after purchasing an additional 590 shares during the quarter. Truist Financial Corp owned about 0.11% of SPDR S&P Transportation ETF worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Freedom LLC acquired a new position in SPDR S&P Transportation ETF during the 4th quarter worth approximately $27,000. Spire Wealth Management increased its position in shares of SPDR S&P Transportation ETF by 60.1% in the first quarter. Spire Wealth Management now owns 1,324 shares of the company’s stock worth $96,000 after purchasing an additional 497 shares during the period. Cetera Investment Advisers boosted its stake in SPDR S&P Transportation ETF by 13.7% in the first quarter. Cetera Investment Advisers now owns 2,493 shares of the company’s stock valued at $222,000 after buying an additional 301 shares in the last quarter. Retirement Income Solutions Inc acquired a new stake in shares of SPDR S&P Transportation ETF during the first quarter valued at about $201,000. Finally, Peapack Gladstone Financial Corp acquired a new stake in shares of SPDR S&P Transportation ETF during the first quarter valued at about $225,000.

SPDR S&P Transportation ETF Stock Performance

Shares of XTN stock opened at $69.32 on Tuesday. The company has a market cap of $212.81 million, a P/E ratio of 7.70 and a beta of 1.33. SPDR S&P Transportation ETF has a fifty-two week low of $65.66 and a fifty-two week high of $88.14. The stock has a 50 day simple moving average of $73.42 and a two-hundred day simple moving average of $77.31.

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.