LPL Financial LLC Reduces Position in SPDR S&P Transportation ETF (NYSEARCA:XTN)

LPL Financial LLC lessened its position in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 22.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,766 shares of the company’s stock after selling 14,206 shares during the quarter. LPL Financial LLC owned about 2.33% of SPDR S&P Transportation ETF worth $3,528,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Cercano Management LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the fourth quarter valued at approximately $7,405,000. Bank of America Corp DE boosted its stake in shares of SPDR S&P Transportation ETF by 85.7% in the fourth quarter. Bank of America Corp DE now owns 63,085 shares of the company’s stock valued at $5,468,000 after buying an additional 29,109 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of SPDR S&P Transportation ETF by 188.9% in the fourth quarter. Two Sigma Investments LP now owns 39,000 shares of the company’s stock valued at $3,381,000 after buying an additional 25,500 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of SPDR S&P Transportation ETF by 70.9% in the fourth quarter. Wells Fargo & Company MN now owns 34,058 shares of the company’s stock valued at $2,952,000 after buying an additional 14,125 shares in the last quarter. Finally, IMC Chicago LLC purchased a new stake in shares of SPDR S&P Transportation ETF in the first quarter valued at approximately $1,174,000.

SPDR S&P Transportation ETF Stock Down 0.4%

NYSEARCA XTN opened at $84.72 on Friday. SPDR S&P Transportation ETF has a fifty-two week low of $61.95 and a fifty-two week high of $95.62. The stock has a market cap of $146.57 million, a price-to-earnings ratio of 16.16 and a beta of 1.33. The business has a fifty day moving average of $82.49 and a 200-day moving average of $78.73.

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.