Raymond James & Associates Raises Position in SPDR S&P Transportation ETF (NYSEARCA:XTN)

Raymond James & Associates raised its position in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,735 shares of the company’s stock after purchasing an additional 187 shares during the period. Raymond James & Associates’ holdings in SPDR S&P Transportation ETF were worth $1,564,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of XTN. Financial Freedom LLC bought a new position in shares of SPDR S&P Transportation ETF in the 4th quarter worth about $27,000. Fifth Third Bancorp bought a new position in shares of SPDR S&P Transportation ETF during the third quarter valued at approximately $30,000. Sheets Smith Wealth Management purchased a new position in shares of SPDR S&P Transportation ETF during the third quarter valued at approximately $32,000. Comerica Bank purchased a new position in shares of SPDR S&P Transportation ETF during the third quarter valued at approximately $36,000. Finally, Register Financial Advisors LLC bought a new stake in shares of SPDR S&P Transportation ETF in the 4th quarter worth approximately $46,000.

SPDR S&P Transportation ETF Stock Down 0.4 %

XTN stock opened at $77.53 on Friday. The business has a 50 day moving average of $82.11 and a 200 day moving average of $78.59. The firm has a market cap of $176.00 million, a PE ratio of 11.60 and a beta of 1.27. SPDR S&P Transportation ETF has a twelve month low of $66.75 and a twelve month high of $88.14.

SPDR S&P Transportation ETF 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.