Element Pointe Advisors LLC Buys 52,240 Shares of SPDR S&P Transportation ETF $XTN

Element Pointe Advisors LLC increased its position in shares of SPDR S&P Transportation ETF (NYSEARCA:XTN) by 22.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,024 shares of the company’s stock after acquiring an additional 52,240 shares during the quarter. SPDR S&P Transportation ETF makes up about 4.0% of Element Pointe Advisors LLC’s portfolio, making the stock its 6th biggest holding. Element Pointe Advisors LLC owned approximately 0.10% of SPDR S&P Transportation ETF worth $28,399,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. JNBA Financial Advisors purchased a new stake in shares of SPDR S&P Transportation ETF in the second quarter valued at about $7,197,000. Bank of America Corp DE raised its stake in SPDR S&P Transportation ETF by 17.3% during the first quarter. Bank of America Corp DE now owns 27,835 shares of the company’s stock worth $2,589,000 after purchasing an additional 4,099 shares during the period. Royal Bank of Canada raised its stake in SPDR S&P Transportation ETF by 53.8% during the first quarter. Royal Bank of Canada now owns 22,117 shares of the company’s stock worth $2,056,000 after purchasing an additional 7,734 shares during the period. Cetera Investment Advisers raised its stake in SPDR S&P Transportation ETF by 418.4% during the first quarter. Cetera Investment Advisers now owns 19,963 shares of the company’s stock worth $1,857,000 after purchasing an additional 16,112 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in SPDR S&P Transportation ETF during the second quarter worth about $1,399,000.

SPDR S&P Transportation ETF Price Performance

NYSEARCA:XTN opened at $98.07 on Thursday. The firm has a market capitalization of $289.31 million, a price-to-earnings ratio of 16.16 and a beta of 1.40. The company’s 50-day moving average is $102.51 and its two-hundred day moving average is $107.40. SPDR S&P Transportation ETF has a 1-year low of $79.18 and a 1-year high of $120.89.

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.