Oarsman Capital Inc. acquired a new stake in SPDR S&P Transportation ETF (NYSEARCA:XTN – Free Report) in the second quarter, Holdings Channel reports. The institutional investor acquired 7,740 shares of the company’s stock, valued at approximately $895,000.
Several other hedge funds have also recently added to or reduced their stakes in XTN. Element Pointe Advisors LLC bought a new position in SPDR S&P Transportation ETF during the first quarter worth about $20,827,000. Ameriprise Financial Inc. increased its stake in shares of SPDR S&P Transportation ETF by 169.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 71,574 shares of the company’s stock valued at $5,762,000 after acquiring an additional 44,984 shares during the last quarter. LPL Financial LLC raised its position in shares of SPDR S&P Transportation ETF by 12.8% in the 4th quarter. LPL Financial LLC now owns 65,618 shares of the company’s stock valued at $5,995,000 after acquiring an additional 7,469 shares during the period. UBS Group AG raised its position in shares of SPDR S&P Transportation ETF by 332.6% in the 4th quarter. UBS Group AG now owns 59,024 shares of the company’s stock valued at $5,393,000 after acquiring an additional 45,379 shares during the period. Finally, Bank of America Corp DE boosted its stake in SPDR S&P Transportation ETF by 17.3% during the 1st quarter. Bank of America Corp DE now owns 27,835 shares of the company’s stock worth $2,589,000 after acquiring an additional 4,099 shares during the last quarter.
SPDR S&P Transportation ETF Stock Performance
Shares of NYSEARCA XTN opened at $106.57 on Monday. SPDR S&P Transportation ETF has a 52-week low of $79.18 and a 52-week high of $120.89. The stock has a market cap of $378.32 million, a P/E ratio of 16.16 and a beta of 1.37. The firm has a 50 day moving average price of $112.55 and a 200 day moving average price of $106.24.
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.
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