SPDR S&P Transportation ETF (NYSEARCA:XTN) Stock Position Reduced by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its stake in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 10.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,021 shares of the company’s stock after selling 964 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SPDR S&P Transportation ETF were worth $670,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Raymond James & Associates grew its position in SPDR S&P Transportation ETF by 1.0% during the fourth quarter. Raymond James & Associates now owns 18,735 shares of the company’s stock valued at $1,564,000 after purchasing an additional 187 shares in the last quarter. Register Financial Advisors LLC purchased a new position in SPDR S&P Transportation ETF during the fourth quarter valued at approximately $46,000. Comerica Bank acquired a new stake in SPDR S&P Transportation ETF in the third quarter valued at approximately $36,000. Baker Avenue Asset Management LP acquired a new stake in SPDR S&P Transportation ETF in the third quarter valued at approximately $1,566,000. Finally, Royal Bank of Canada lifted its stake in SPDR S&P Transportation ETF by 402.6% in the third quarter. Royal Bank of Canada now owns 22,809 shares of the company’s stock valued at $1,709,000 after acquiring an additional 18,271 shares during the last quarter.

SPDR S&P Transportation ETF Stock Down 1.3 %

NYSEARCA XTN opened at $77.71 on Thursday. The stock has a market capitalization of $176.40 million, a PE ratio of 11.60 and a beta of 1.27. The company has a 50 day moving average price of $82.21 and a two-hundred day moving average price of $78.60. SPDR S&P Transportation ETF has a 12-month low of $66.75 and a 12-month high of $88.14.

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.