Ameriprise Financial Inc. Reduces Position in SPDR S&P Transportation ETF (NYSEARCA:XTN)

Ameriprise Financial Inc. cut its holdings in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,805 shares of the company’s stock after selling 484 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.62% of SPDR S&P Transportation ETF worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in XTN. Jones Financial Companies Lllp increased 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 valued at $36,000 after buying an additional 199 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of SPDR S&P Transportation ETF during the fourth quarter valued at about $208,000. Independent Advisor Alliance bought a new stake in shares of SPDR S&P Transportation ETF during the fourth quarter valued at about $291,000. Sovran Advisors LLC bought a new stake in shares of SPDR S&P Transportation ETF during the fourth quarter valued at about $362,000. Finally, Raymond James Financial Inc. bought a new stake in shares of SPDR S&P Transportation ETF during the fourth quarter valued at about $771,000.

SPDR S&P Transportation ETF Stock Down 0.7%

Shares of XTN opened at $76.87 on Monday. The business’s 50-day moving average price is $71.90 and its 200-day moving average price is $81.77. SPDR S&P Transportation ETF has a twelve month low of $61.95 and a twelve month high of $95.62. The stock has a market cap of $193.71 million, a PE ratio of 16.67 and a beta of 1.40.

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.