Envestnet Asset Management Inc. Reduces Stake in SPDR S&P Transportation ETF (NYSEARCA:XTN)

Envestnet Asset Management Inc. cut its stake in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,918 shares of the company’s stock after selling 276 shares during the period. Envestnet Asset Management Inc. owned 0.13% of SPDR S&P Transportation ETF worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its position in shares of SPDR S&P Transportation ETF by 93.0% during the fourth quarter. Jones Financial Companies Lllp now owns 413 shares of the company’s stock worth $36,000 after purchasing an additional 199 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in SPDR S&P Transportation ETF in the 4th quarter worth about $208,000. Independent Advisor Alliance bought a new stake in SPDR S&P Transportation ETF during the 4th quarter valued at about $291,000. Sovran Advisors LLC purchased a new stake in SPDR S&P Transportation ETF in the 4th quarter valued at about $362,000. Finally, Jane Street Group LLC bought a new position in SPDR S&P Transportation ETF in the 3rd quarter worth about $439,000.

SPDR S&P Transportation ETF Stock Performance

SPDR S&P Transportation ETF stock opened at $70.90 on Thursday. The company has a market capitalization of $145.35 million, a PE ratio of 16.31 and a beta of 1.34. The company has a 50 day moving average price of $71.80 and a 200-day moving average price of $83.04. SPDR S&P Transportation ETF has a fifty-two week low of $61.95 and a fifty-two week high of $95.62.

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.